SOCAR signs contract for construction of new tanker

Kanan Sadigov
Author

The State Oil Company of Azerbaijan (SOCAR) and Baku Shipyard LLC have signed a shipbuilding contract for the construction and purchase of an oil tanker.

Report informs, citing SOCAR, that the total value of the shipbuilding contract is $28.8 million.

Other News

Gold blasts past $5,000 to record high on safe-haven rush 26 January, 2026 / 09:49
CBA currency exchange rates (26.01.2026) 26 January, 2026 / 09:36
ADB eyes $50M for border upgrades project with Azerbaijan's participation 26 January, 2026 / 09:34
Platinum surges past $2,800 an ounce for first time 26 January, 2026 / 09:22
Double taxation between Azerbaijan, Kyrgyzstan eliminated 23 January, 2026 / 17:18
Azerbaijani banks exempted from taxes on international transactions through Visa – EXCLUSIVE 23 January, 2026 / 17:11
Platinum price hits historic record 23 January, 2026 / 16:07
Global cocoa bean prices fall by 6.6% 23 January, 2026 / 15:28
S&P: Azerbaijan's banking sector recovery mechanism to be enhanced in 2026 23 January, 2026 / 15:04
Azerbaijan's Finance Ministry preparing to apply AI 23 January, 2026 / 14:19
CBA currency exchange rates (23.01.2026) 23 January, 2026 / 09:55
Key indicators of world commodity, stock, and currency markets (23.01.2026) 23 January, 2026 / 09:31
Central Bank of Türkiye lowers policy rate to 37% 22 January, 2026 / 16:45
Copper prices rise after Trump's decision to waive tariffs on European goods 22 January, 2026 / 11:33
Gold prices fall amid optimism over global trade 22 January, 2026 / 11:04
Moody's: Regulatory reforms strengthened resilience of Azerbaijan's banking sector 22 January, 2026 / 10:21
CBA currency exchange rates (22.01.2026) 22 January, 2026 / 09:42
Key indicators of world commodity, stock, and currency markets (22.01.2026) 22 January, 2026 / 09:17
Moody's: Azerbaijan's fiscal position remains robust 22 January, 2026 / 09:09
Moody's: Easing of tensions between Armenia, Azerbaijan started to yield tangible effects 22 January, 2026 / 09:02