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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: 23
Covered since: August 16, 2026
Latest story: November 5, 2026
Official source: socar.az/en/home

THE TIMELINE

Everything FinFly reported

In headline / lead

Economy · November 5, 2026

SOCAR exports 3.92 million tonnes of oil in third quarter

The volume fell by approximately 4.5% year on year and should not be equated with Azerbaijan's entire crude-export total.

In headline / lead

Economy · November 5, 2026

SOCAR and Comstock sign definitive agreement for $1.65 billion transaction

Closing is expected by the end of 2026, subject to approvals. The signed agreement does not mean the acquisition has closed.

In headline / lead

Economy · November 2, 2026

SOCAR gas production falls 12.8% in the third quarter

SOCAR produced about 1.697 billion cubic metres in July-September. Its company-level output is distinct from Azerbaijan's national total.

In headline / lead

Economy · October 24, 2026

SOCAR's STAR refinery in Turkey boosts diesel output by 19.4%

In August 2026, SOCAR's STAR refinery produced 623,529 tonnes of diesel, up from 522,403 tonnes a year earlier, while jet fuel output fell 46.3%.

In headline / lead

Economy · October 16, 2026

Mirziyoyev Discusses Ustyurt Plateau Projects with SOCAR and BP

Uzbek President Shavkat Mirziyoyev met with SOCAR President Rovshan Najaf and BP Regional President Giovanni Cristofoli to discuss hydrocarbon development on the Ustyurt Plateau.

Mentioned in body

Economy · October 14, 2026

Azerbaijan to Commission 11 Power Plants Totaling 2 GW by End of 2027

Energy Minister Parviz Shahbazov announced that under the first phase of renewable energy development, 11 power plants with a combined capacity of about 2 GW will be commissioned by the end of 2027.

In headline / lead

Economy · October 12, 2026

SOCAR Ready to Explore Investment Opportunities with Cambodia

Azerbaijan's Economy Minister Mikayil Jabbarov said at the Azerbaijan-Cambodia Business Forum that SOCAR is ready to consider investment opportunities with Cambodia, highlighting energy, including green energy, and welcoming partnership.

In headline / lead

Economy · October 10, 2026

Gran Tierra Energy Registers Branch in Azerbaijan

Canadian Gran Tierra Energy, SOCAR's partner in the Guba-Caspian region project, has opened a branch in Baku. The company will receive 65% and become the project operator.

In headline / lead

Economy · October 9, 2026

SOCAR Scores 50 out of 100 in S&P Global Sustainability Ranking

Azerbaijan's state oil company scored 50 out of 100 in the Corporate Sustainability Assessment, outperforming 83% of companies in its industry group.

In headline / lead

Economy · October 2, 2026

SOCAR Conducts First 3D OBN Seismic Survey at Shallow-Water Gunashli

Azerbaijan's state oil company has completed the Caspian's first 3D OBN survey at the shallow-water section of the Gunashli field, covering 247.6 km².

Mentioned in body

Economy · October 1, 2026

Azerbaijan-Oman Fund to Acquire Stake in Azər-Türk Bank

The Azerbaijan-Oman Direct Investment Fund will become a shareholder in the state-owned Azər-Türk Bank through the purchase of new shares. The bank's charter capital will be increased via an additional share issuance.

Mentioned in body

Economy · September 30, 2026

Absheron Full Field Development to Require $4.2 Billion Investment

The Absheron Full Field Development project has reached final investment decision. First gas is planned for 2029.

In headline / lead

Economy · September 30, 2026

ICIEC and SOCAR Green Discuss Insurance for Green Investments in Azerbaijan

The Islamic Corporation for the Insurance of Investment and Export Credit and SOCAR Green discussed cooperation in renewable energy, including insurance instruments to attract green investments.

Mentioned in body

Economy · September 25, 2026

Azerbaijan-Oman Fund to Acquire Stake in Azer-Turk Bank

The Azerbaijan-Oman Direct Investment Fund will become a shareholder in the state-owned Azer-Turk Bank. The agreement was signed at the 2nd Azerbaijan International Investment Forum in Baku.

In headline / lead

Economy · September 25, 2026

SOCAR and Comstock Resources Agree on Strategic Partnership

SOCAR President Rovshan Najaf announced a meeting with Comstock Resources leadership and the signing of a letter of intent on strategic partnership.

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.

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