SOCAR

The State Oil Company of Azerbaijan Republic (SOCAR) (Azerbaijani: Azərbaycan Respublikası Dövlət Neft Şirkəti) is a wholly state-owned national oil company headquartered in Baku, Azerbaijan. It is one of the largest fossil fuel corporations in the world. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani section of the Caspian Sea. It operates the country's two oil refineries, one gas processing plant and runs several oil and gas export pipelines throughout the country. It owns fuel filling stations under the SOCAR brand in Azerbaijan, Georgia, Ukraine, Romania and Switzerland. The company has about 61,000 employees.

History

Soviet era

Azneft, a business that integrated the Azerbaijani oil industry was created after the Bolshevik Revolution through the nationalization of the Azerbaijani oil industry. It was subordinate to different organizations in the former Soviet Union and the Azerbaijan Soviet Socialist Republic, depending on its organizations' characteristics at different times and was known as Azerneftkomite, Azerneftkombinat (later divided into the Azerneft, Azerneftzavodlar and Azerneftmashingayirma syndicates), and Azerneftchikharma syndicates, and so forth. In 1954-1959, the Ministry of the Oil Industry of the Azerbaijan SSR and in 1965-1970, the Ministry of Oil Production Industry of the Azerbaijan SSR were established on the basis of Azerneft. In August 1970, it was renamed back to Azerneft.

Podcasts:

PLAYLIST TIME:

Latest News for: socar

SOCAR's Kulevi Oil Terminal Boosts Cargo Transshipment (Exclusive)

MENA FN 21 Apr 2025
(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 21. Kulevi oil terminal of Azerbaijan's state oil company SOCAR transshipped a total of 2.5 million tons of cargo in 2024, the company told ... .

Azerbaijan's SOCAR resumes operations at Baku oil refinery

Hydrocarbon Processing 21 Apr 2025
Azerbaijan's oil company SOCAR has resumed operations at an oil refinery in Baku after a 40-day shutdown caused by maintenance works after a fire ....

SOCAR Green Identifying Innovative Solutions To Reduce Carbon Emissions Across Azerbaijan (Exclusive)

MENA FN 14 Apr 2025
(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 14. SOCAR Green is identifying innovative solutions to reduce carbon emissions across Azerbaijan, the company told Trend . "SOCAR Green, ... .

Azerbaijan a ‘Potential Bridge’ for Arab-Israeli Normalization, Jewish Leader Says

The Algemeiner 11 Apr 2025
Photo. Foundation for Ethnic Understanding ... Earlier this year, Jerusalem and Azerbaijan’s state oil company, SOCAR, struck a major energy deal. In March, SOCAR also signed a gas exploration license agreement with the Jewish state ... .

Dünya Autizm Maarifləndirmə Ayı ilə əlaqədar SOCAR "Birgə və Sağlam" İctimai Birliyi ilə birgə silsilə tədbirlər təşkil edir (SOCAR - State Oil Company of Azerbaijan Republic)

Public Technologies 08 Apr 2025
2 aprel - Dünya Autizm Maarifləndirmə Günü və Dünya Autizm Maarifləndirmə Ayı ilə əlaqədar "SOCAR Midstream Gas Operations" MMC "Birgə və Sağlam" İctimai Birliyi ilə birgə silsilə tədbirlər təşkil edir.

Azerbaijan's SOCAR Green Focuses On Optimizing Investments In Geothermal Energy Dev't

MENA FN 08 Apr 2025
(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 7.? SOCAR Green aims to optimize its investments in geothermal energy development, said Elmir Musayev, the company's General Director, at an ... .

SOCAR Green Brainstorming Decarbonization With Azerbaijan's Industrial Actors

MENA FN 07 Apr 2025
(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 7. SOCAR Green is in talks with industrial sector representatives in Azerbaijan to cooperate on decarbonization of their activities, the ... .

SOCAR, Romania Discuss Natural Gas Supply Issues (PHOTO)

MENA FN 05 Apr 2025
(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 4.? The issues of natural gas supply and transportation were discussed between seniors of the State Oil Company of Azerbaijan (SOCAR) and ... .
  • 1
×