SOCAR

State Oil Company of the Republic of Azerbaijan
Trade name	SOCAR
Native name	Azərbaycan Respublikası Dövlət Neft Şirkəti
Company type	State-owned
Industry	Oil and gas
Founded	13 September 1992
Founder	Abulfaz Elchibey
Headquarters	Baku, Azerbaijan
Area served	Europe & Asia
Key people	Rovshan Najaf (president)
Products	Petroleum; Natural gas; Fuels; Petrochemicals;
Services	Sales; Transportation; Service stations; Trading; Shipbuilding;
Revenue	AZN 119,2 bn (2022)
Operating income	AZN 9.36 bn (2022)
Net income	AZN 9.4 bn (2022)
Total assets	AZN 80.8 bn (2022)
Total equity	AZN 33.3 bn (2022)
Owner	Azerbaijani Government
Number of employees	100,000 (2018)
Subsidiaries	BOS Shelf, AZFEN, Petkim, Star Refinery, Baku Shipyard LLC, Interfax Azerbaijan, Ateshgah Insurance, AzLAB, EKOL Engineering
Website	www.socar.az

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]

^ ^a ^b ^c ^d ^e "SOCAR, Consolidated Financial Statements (IFRS), 31 December 2022". SOCAR. Archived from the original on 29 September 2023. Retrieved 17 February 2024.
^ "Archived copy" (PDF). Archived (PDF) from the original on 25 April 2019. Retrieved 25 April 2019.{{cite web}}: CS1 maint: archived copy as title (link)
^ ^a ^b Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 114–120. ISBN 978-0-231-80141-6.
^ Ross, Michael (2012). The Oil Curse: How Petroleum Wealth Shapes the Development of Nations. Princeton University Press. p. 60. ISBN 978-0-691-14545-7.
^ Gillies, Alexandra (20 December 2019). Crude Intentions: How Oil Corruption Contaminates the World. Oxford University Press. ISBN 978-0-19-094072-0.
^ Waal, Thomas de (2 November 2018). The Caucasus: An Introduction. Oxford University Press. pp. 185–186, 226–229. ISBN 978-0-19-068311-5.
^ Cornell, Svante E. (2015). Azerbaijan Since Independence. Routledge. pp. 210–211, 235. ISBN 978-1-317-47621-4.

[FR2022-1] "SOCAR, Consolidated Financial Statements (IFRS), 31 December 2022". SOCAR. Archived from the original on 29 September 2023. Retrieved 17 February 2024.

[2] "Archived copy" (PDF). Archived (PDF) from the original on 25 April 2019. Retrieved 25 April 2019.{{cite web}}: CS1 maint: archived copy as title (link)

[:1-3] Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 114–120. ISBN 978-0-231-80141-6.

[4] Ross, Michael (2012). The Oil Curse: How Petroleum Wealth Shapes the Development of Nations. Princeton University Press. p. 60. ISBN 978-0-691-14545-7.

[5] Gillies, Alexandra (20 December 2019). Crude Intentions: How Oil Corruption Contaminates the World. Oxford University Press. ISBN 978-0-19-094072-0.

[:2-6] Waal, Thomas de (2 November 2018). The Caucasus: An Introduction. Oxford University Press. pp. 185–186, 226–229. ISBN 978-0-19-068311-5.

[7] Cornell, Svante E. (2015). Azerbaijan Since Independence. Routledge. pp. 210–211, 235. ISBN 978-1-317-47621-4.

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