SOCAR
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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%.
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.
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.
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.
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%.
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%.
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.
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.
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.
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.
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.
Russia attacks SOCAR gas station in Ukraine
A SOCAR gas station in Ukraine was attacked by Russian Armed Forces drones.
Price 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.
SOCAR 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'.
Azeri 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.