State Oil Company of Azerbaijan Republic (SOCAR)

The State Oil Company of Azerbaijan Republic (SOCAR) is Azerbaijan’s national energy company responsible for exploring, producing, refining, and marketing oil and natural gas. Established in 1992 after Azerbaijan gained independence, SOCAR operates on both domestic and international levels, managing oil fields and refineries, and participating in global energy markets. It plays a crucial role in Azerbaijan’s economy, helping to generate revenue and develop infrastructure. SOCAR also invests in energy projects abroad, contributing to regional energy security and fostering economic cooperation.