State Oil Company of Azerbaijan Republic (SOCAR)


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 Profile

State Oil Company of Azerbaijan Republic (SOCAR) is the government-owned entity responsible for all aspects of exploration and development related to oil and gas fields both onshore and offshore for the Republic of Azerbaijan. One of the largest companies in the world, it employs 70,000 people. Since 1994, SOCAR has signed 25 major production-sharing agreements (PSAs) with consortiums of foreign oil companies, plus two major pipelines agreements-BTC (Baku-Tbilisi-Ceyhan) and SCP (Southern Caucasus Pipeline).

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SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

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 Associated Articles

SOCAR President Meets Brookfield Managing Partner and Regional Head of Middle East
SOCAR President Meets with TotalEnergies CEO
SOCAR President Meets with ADNOC Executive Director
Initial Gas Production from the Absheron Gas and Condensate Field Takes Place
SOCAR President Meets with Chairman of Board of Uzbekneftegaz JSC Stock Company
more articles
Gulf Oil and Gas
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