Established in 1992, the State Oil Company of the Azerbaijan Republic- SOCAR offers resources of Azerbaijan, one of the richest countries in terms of oil and natural gas, with the aim of international development and benefit. As an energy company offering integrated solutions, SOCAR is engaged in exploring oil and gas fields, producing, processing, and transporting oil, natural gas, and natural gas condensates, marketing crude petrol and petrochemical products in domestic and international markets, and supplying natural gas to Azerbaijan.
SOCAR is a competitive group operating in 6 strategic industries including petrochemicals, refinery, logistics, natural gas, energy and fibre technologies.
Through strategic partnerships SOCAR generates economic, social and environmental benefits on the global scale. Rapidly reinforcing its international operations with this objective SOCAR has built representative offices in 13 different countries varying from Iran to UK. Furthermore, the company has founded international trade companies in Singapore, Vietnam, Nigeria and Switzerland and purchased assets in Turkey, Georgia, Ukraine, Romania, Switzerland and Greece.
Among its global-scale strategic projects, SOCAR executes the most significant one in Turkey at a total volume of USD 19.5 billion. Having assumed a significant role in the future of the two sister countries and formed an integrated value chain in energy, SOCAR takes its strength from friendship, cooperation and confidence.