State Oil Company of Azerbaijan Republic (SOCAR)
About
State Oil Company of Azerbaijan Republic (SOCAR) is the NOC of Azerbaijan, headquartered in Baku and established in 1992 through the merger of the two previous Azeri NOCs Azerneft and Azerneftkimiya. The company greatly increased in size following the expansion of production in the Caspian Sea in the 1990s, and today operates a substantial amount of refining capacity for a country of Azerbaijan's size. SOCAR has increased its exports of crude and refined products throughout Eastern Europe, and is eyeing an expansion into Türkiye in particular. SOCAR also operates a trading house, located in Geneva.
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