SOCAR

Economic Efficiency, International Competitiveness, and Development Prospects In the oil and gas industry, the value chain is conventionally divided into three stages: exploration and production, refi...

What the Transfer of BTC from BP plc to SOCAR Means The Baku–Tbilisi–Ceyhan Company (BTC Co) has transferred the operatorship of the Baku–Tbilisi–Ceyhan pipeline from BP Exploration (Caspian Sea) Limi...

State Oil Company of the Azerbaijan Republic reported steady upstream and export performance in the first quarter of 2026, underscoring the country’s growing tilt toward natural gas as a stabilising r...

The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 1...

Azerbaijan, which began actively extracting gas from the Caspian at the beginning of the 21st century, reached a peak production level in 2024, but may face a decline in production by the end of the d...

In 2024, the revenues of the state budget of Azerbaijan in the oil and gas sector amounted to 17,969,6 million manats.This was reported by the Ministry of Finance.

Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included techn...

SOCAR Turkiye, the largest foreign investor in Türkiye and an integrated industrial group, has finalized the sale of its gas distribution networks, Bursagaz and Kayserigaz, to AKSA Enerji, announced ...