Since 1990, a lot of Billions of Dollars has been invested in the oil sector in both Russia and Azerbaijan. Natik Aliyev, the president of the State Oil Company of the Azerbaijani Republic (SOCAR), has stated that he expects investment in the country’s oil sector to surpass $60 billion.
OIL AND GAS PRODUCTION
The company develops the complete cycle of gas production and processing, gas-based power generation, and output of finished products and petrochemical feedstock. most divisions of the company are involved in the whole range of prospecting and reservoir management operations, construction of facilities and pipelines, environmental safety, and process automation. Our crucial competitive advantage lies in advanced petroleum production technology successfully applied by its own service subdivisions. Oil is supplied to refineries and exported to CIS, Western Europe, Asia and Africa.
Major sale markets of the company are located in Azerbaijan and Russia. Today, Caspian retail chain with major marketing companies in Russia and CIS Countries.
Marketing subsidiaries owe much to their geographical position: they are located close to refineries and heavy traffic intercity and international highways going through the area of the company’s activity.
Caspian has capability of resolving land and sea oil field exploration; our exploration activities are focused on adding profitable production to existing core areas (Azerbaijan, Russia, and Kazakhstan) and developing potential new core areas (Uzbekistan and Angola). utilization and renovation business and has the high level of specialists, technical and work personnel to do the professional job for its clients.
The Company assigns high priority to the development of corporate science, considering it as the basis for efficient production and a prerequisite for technological and competitive advantage.
The Company´s personnel in the process of industrial and technological problem-solving, fully encouraging and promoting their scientific, technical and innovative activities. Each year, the Company introduces innovation proposals having significant economic effect; the Company’s young specialists and scientists make an outstanding contribution to the improvement of production efficiency, developing original scientific, design, and technological solutions.