Socar Wikipedia Apr 2026

, or the State Oil Company of the Republic of Azerbaijan , is a fully state-owned national oil and gas corporation headquartered in Baku, Azerbaijan. As of 2026, it remains a critical pillar of the Azerbaijani economy, managing the country's vast hydrocarbon reserves both onshore and offshore in the Caspian Sea. Core Operations and Infrastructure

SOCAR's activities span the entire energy value chain, from exploration to retail: Socar Wikipedia

: By 2025, the company expanded its footprint by acquiring a 10% stake in Israel's Tamar gas field and signing agreements to deliver gas to Syria via Turkey. , or the State Oil Company of the

: It holds significant stakes in the Baku–Tbilisi–Ceyhan (BTC) and the Southern Gas Corridor, which transports gas to Europe via the TANAP and TAP pipelines. : It holds significant stakes in the Baku–Tbilisi–Ceyhan

: In late 2023, SOCAR acquired assets from the Norwegian firm Equinor, including stakes in the BTC pipeline and the ACG oil field.

: SOCAR has begun diversifying into sustainable energy, commissioning Switzerland’s first fast-charging station for electric trucks and exploring offshore wind projects with Technip Energies. Controversies and Public Image

: The company is headquartered in the SOCAR Tower , a 209-meter skyscraper in Baku designed with a "wind and fire" concept to withstand severe earthquakes and wind speeds.