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Azerbaijan's SOCAR keen on staking in projects in Iraq

Economy Materials 4 June 2024 17:29 (UTC +04:00)
Lada Yevgrashina
Lada Yevgrashina
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BAKU, Azerbaijan, June 4. The State Oil Company of the Azerbaijan Republic (SOCAR) expresses interest in oil projects in Iraq, SOCAR Vice President Babak Huseynov told reporters, Trend reports.

“We are diligently working on participation in oil field projects with Kazakhstan, Turkmenistan, and Iraq. The public will be informed of the results once the agreements are signed,” he said.

To note, SOCAR is involved in the exploration, production, processing, and transportation of oil, gas, and gas condensate. It also markets oil and petrochemical products domestically and internationally and supplies natural gas to industrial enterprises and the population of Azerbaijan and Europe.

The company operates in Türkiye, Georgia, Romania, Switzerland, Germany, and Ukraine, and conducts trading activities primarily in Switzerland, Singapore, and Nigeria.

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