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SOCAR

Azerbaijan’s state oil company operates across exploration, production, processing, transportation and energy sales.

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KEY FACTS

Sector: Energy
Materials on FinFly: 30
Covered since: June 23, 2026
Latest story: September 18, 2026
Official source: socar.az/en/home

THE TIMELINE

Everything FinFly reported

In headline / lead

Economy · September 18, 2026

Eni Sells 10% Stake in Baleine Project in Côte d'Ivoire to SOCAR

Eni has sold a 10% stake in the Baleine project in Côte d'Ivoire to Azerbaijan's state oil company SOCAR as part of its upstream portfolio optimization strategy.

In headline / lead

Economy · September 11, 2026

SOCAR and TPAO Expand Energy Partnership into New Projects

Azerbaijan's SOCAR and Turkey's TPAO are working on new projects in Azerbaijan, Turkey and third countries, Turkish Energy Minister Alparslan Bayraktar said.

In headline / lead

Economy · September 7, 2026

SOCAR pays $3 million in interest on green bonds

Azerbaijan's state oil company made the sixth coupon payment on its green bonds, totaling $3 million, bringing total investor income to $18 million.

Mentioned in body

Economy · September 5, 2026

Azerbaijani Business in Foreign Markets: FinFly Ranking Based on Open Data

Four Azerbaijan-born billionaires in the Forbes 2026 list hold a combined $41.4 billion, but their businesses operate entirely in Russia. FinFly separates Azerbaijani-origin capital from Azerbaijani companies abroad and identifies who truly expands business beyond the country.

Mentioned in body

Economy · August 31, 2026

STAR Refinery Diesel Output Up 6.1% in June, LPG Surges 5.5-Fold

In June 2026, SOCAR's STAR refinery increased diesel production by 6.1% and LPG by 5.5 times, while reducing output of jet fuel, naphtha, and coke.

Mentioned in body

Economy · August 27, 2026

Uzbekistan and Azerbaijan to Discuss Energy Cooperation

In early September, an Uzbek delegation led by the Energy Minister will visit Azerbaijan for talks on implementing joint energy tasks.

Mentioned in body

Blogs · August 19, 2026

PASHA Holding Launches LEGIS Mentoring Program for Young Lawyers

Applications are now open for the LEGIS mentoring program for young lawyers, running from September 2026 to February 2027.

Mentioned in body

Economy · August 16, 2026

bp increases Shah Deniz development spending in H1 2026

In H1 2026, bp and partners allocated $1.394 billion in operating expenses and $712 million in capital expenditures to the Shah Deniz field, up from the same period in 2025.

In headline / lead

Economy · August 14, 2026

SOCAR's debt grows 18.8% to 3 billion manats

At the start of the year, SOCAR's debt obligations reached 3.047 billion manats, up 18.8% year-on-year. The bulk of the debt is owed to the State Oil Fund.

In headline / lead

Economy · August 14, 2026

SOCAR's 2025 Sales Revenue Reaches 86.3 Billion Manats

SOCAR's sales revenue in 2025 totaled 86.3 billion manats, with 58.6% coming from Switzerland. Revenue in Turkey grew by 71.1%, and in Azerbaijan by 66.7%.

Mentioned in body

Economy · August 13, 2026

Southern Gas Corridor's 2025 Net Profit Down 4.7%

The Southern Gas Corridor CJSC closed 2025 with a net profit of $1.63 billion, down 4.7% year-on-year. Revenue fell by 8.1%.

In headline / lead

Economy · August 12, 2026

SOCAR cuts CO2 emissions by 1 million tons, issues $200 million green bonds

In 2025, SOCAR reduced greenhouse gas emissions by 1 million tons of CO2 equivalent and issued $200 million in green bonds for renewable energy projects.

Mentioned in body

Blogs · August 11, 2026

Baku's First Inclusive Cafe 'Kashalata' Thrives, Providing Jobs for Youth with Disabilities

Baku's first inclusive cafe 'Kashalata' continues to operate successfully, providing jobs for 20 young people with disabilities.

Mentioned in body

Economy · August 11, 2026

Wood Nobel Energy Selected for FEED of Nakhchivan CCGT Power Plant

Wood Nobel Energy will carry out front-end engineering design for the Nakhchivan combined-cycle power plant, boosting electricity production and export potential in the region.

Mentioned in body

Economy · August 6, 2026

Oil Transportation via BTC Pipeline Down 8.5% in H1 2026

Oil and condensate transportation via the Baku–Tbilisi–Ceyhan pipeline in January–June 2026 totaled about 97 million barrels, down 8.5% year-on-year.

In headline / lead

Economy · August 3, 2026

SOCAR to Ensure Transit of Kazakh and Turkmen Oil to Kulevi Refinery

Azerbaijan's state oil company SOCAR will organize supplies of Kazakh oil to Georgia's Black Sea Petroleum refinery and is ready to ensure transit of Turkmen oil.

In headline / lead

Economy · August 3, 2026

SOCAR increases its share in ACG project to 35.3%

Azerbaijan's state oil company SOCAR has bought ITOCHU's stake in the Azeri-Chirag-Gunashli field development project, raising its share to 35.3%.

In headline / lead

Economy · August 1, 2026

SOCAR Reports 130.4 Billion Cubic Meters of Gas Pumped via South Caucasus Pipeline in Five Years

Over five years of SOCAR's operation of the Baku-Tbilisi-Erzurum pipeline, 130.4 billion cubic meters of gas were transported, with volumes in the first half of 2026 up 1.84%.

Mentioned in body

Economy · August 1, 2026

Uzbekneftegaz and KBR Discuss Expanding Cooperation in Oil and Gas Projects

Uzbek state company Uzbekneftegaz and American engineering firm KBR discussed expanding cooperation in oil and gas investment projects, including the introduction of modern engineering solutions.

In headline / lead

Economy · July 30, 2026

SOCAR and Gran Tierra to Conduct Seismic Survey in Guba-Caspian Region

SOCAR and Canada's Gran Tierra Energy Inc. plan a 2D seismic survey in the Guba-Caspian region under a production sharing agreement.

In headline / lead

Economy · July 22, 2026

SOCAR and Wood Mackenzie Discuss Energy Cooperation

SOCAR President Rovshan Najaf met with Wood Mackenzie Chairman Simon Flowers to discuss strategic partnership and global energy trends.

In headline / lead

Economy · July 18, 2026

Moody's Affirms SOCAR's Baa3 Rating with Stable Outlook

International rating agency Moody's has affirmed the long-term issuer rating of SOCAR at Baa3 with a stable outlook.

Mentioned in body

Economy · July 16, 2026

Azər-Türk Bank Shareholders to Discuss Changes to Supervisory Board

The general meeting of shareholders of Azər-Türk Bank OJSC will be held on August 25 at 12:00 to discuss changes to the Supervisory Board.

Mentioned in body

Transport · July 9, 2026

Tanker 'Zangezur' Removed from UK Sanctions List

The Aframax tanker 'Zangezur', owned by a SOCAR-ASCO joint venture, has been removed from the UK sanctions list, with all restrictions lifted.

In headline / lead

Economy · July 9, 2026

SOCAR and Technip Energies Sign Memorandum of Understanding

Azerbaijan's state oil company SOCAR and Technip Energies Italy S.p.A. have signed a memorandum of understanding, SOCAR announced.

In headline / lead

Economy · July 6, 2026

Russia attacks SOCAR gas station in Ukraine

A SOCAR gas station in Ukraine was attacked by Russian Armed Forces drones.

Mentioned in body

Economy · June 29, 2026

World Bank to Allocate $410 Million for Baku Livable City Project

The World Bank plans to provide $410 million for the 'Livable Baku' project, with project appraisal scheduled by October 26, 2026, and board approval on February 18, 2027.

Mentioned in body

Economy · June 24, 2026