Russian oil producer Lukoil will provide a $1.5 billion loan to the State Oil Company of Azerbaijan (SOCAR) as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again, three industry sources familiar with the deal said, Report informs, citing Reuters.
Lukoil provides Socar with $1.5B loan
Other News
BP announces start date for seismic exploration at Shah Deniz field
29 December, 2025 / 15:43
SOCAR, Uniper discuss global gas market development prospects
29 December, 2025 / 13:17
BP: Over 1B barrels of oil produced from West Azeri platform to date
29 December, 2025 / 11:56
TAP gas orders to Europe rise at several exit points
29 December, 2025 / 10:35
Oil prices rise over 1%
29 December, 2025 / 10:27
BP announces timing of seismic survey program for Ashrafi-Dan Ulduzu-Aypara project
29 December, 2025 / 10:00
Georgia imports $99M worth of oil from Azerbaijan in January–November
27 December, 2025 / 15:12
Georgia buys $202.3M worth of natural gas from Azerbaijan in January–November
27 December, 2025 / 14:04
Azerbaijan, UN mull cooperation in energy and sustainable development
26 December, 2025 / 16:30
SOCAR plans partial transfer of Bahar field stakes to investors
26 December, 2025 / 14:56
First oil from Bahar and Gum-Deniz redevelopment expected in 2027–2028
26 December, 2025 / 13:49
Brent crude rises to $62.32 per barrel
26 December, 2025 / 13:15
Lu Mei: Chinese companies to build renewable energy plants with total capacity of 1,570 MW in Azerbaijan
25 December, 2025 / 12:02
Brent crude oil prices fall to $62.24 per barrel
25 December, 2025 / 10:37
Azeri Light crude rises to $66.62 per barrel
25 December, 2025 / 09:59
Turkish company signs $11M Shah Deniz compression platform project service contract
24 December, 2025 / 20:19
Azeri Light crude rises to $66.14 per barrel
24 December, 2025 / 10:07
Brent crude price exceeds $62 per barrel
24 December, 2025 / 10:01
Rovshan Najaf: SOCAR's investments in Türkiye aimed at long-term sustainable development
23 December, 2025 / 18:38
President Ilham Aliyev attends opening of metal electric pole production facility in Aghdam
23 December, 2025 / 17:03