SOCAR
Azerbaijan’s state oil company operates across exploration, production, processing, transportation and energy sales.
Official website ↗Everything FinFly reported
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.
Economy · August 3, 2026SOCAR 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.
Economy · August 3, 2026SOCAR 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%.
Economy · August 1, 2026SOCAR 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%.
Economy · August 1, 2026Uzbekneftegaz 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.
Economy · July 30, 2026SOCAR 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.
Economy · July 22, 2026SOCAR 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.
Economy · July 18, 2026Moody'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.
Economy · July 16, 2026Azər-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.
Transport · July 9, 2026Tanker '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.
Economy · July 9, 2026SOCAR 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.
Economy · July 6, 2026Russia attacks SOCAR gas station in Ukraine
A SOCAR gas station in Ukraine was attacked by Russian Armed Forces drones.
Economy · June 29, 2026World 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.
Economy · June 24, 2026Price of Azerbaijani Oil Falls
The price of one barrel of Azerbaijani Azeri Light crude oil on the world market fell by $0.67, or 0.83%, to $79.76 per barrel.
IT · June 23, 2026SOCAR Launches Innovation Competition on Smart Urban Development
Azerbaijan's state oil company SOCAR is organizing an innovation competition on the theme of 'Smart Urban Development and Industrial Solutions'.
Economy · June 23, 2026Azeri Light Drops to $80 per Barrel
The price of Azeri Light crude fell by $2.52 to $80.43 per barrel. Azerbaijan's state budget for this year assumes an oil price of $65 per barrel.