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SOCAR | |
Native name | Azərbaycan Respublikası Dövlət Neft Şirkəti |
Company type | State-owned |
Industry | Oil and gas |
Founded | 13 September 1992 |
Founder | Abulfaz Elchibey |
Headquarters | , |
Area served | Europe & Asia |
Key people | Rovshan Najaf (president) |
Products | |
Services | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Azerbaijani Government |
Number of employees | 100,000 (2018)[2] |
Subsidiaries | BOS Shelf, AZFEN, Petkim, Star Refinery, Baku Shipyard LLC, Interfax Azerbaijan, Ateshgah Insurance, AzLAB, EKOL Engineering |
Website | www |
The State Oil Company of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikası Dövlət Neft Şirkəti, ARDNŞ), largely known by its abbreviation SOCAR, is a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea. It operates the country's only oil refinery, one gas processing plant and runs several oil and gas export pipelines throughout the country. It owns fuel filling station networks under the SOCAR brand in Azerbaijan, Turkey, Georgia, Ukraine, Romania, Switzerland, and Austria.
SOCAR is a major source of income for the authoritarian regime in Azerbaijan.[3] The company is run in an opaque manner, as it has complex webs of contracts and middlemen that have led to the enrichment of the country's ruling elites.[3][4][5][6][7]
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