 | |
| SOCAR | |
Native name | Azərbaycan Respublikası Dövlət Neft Şirkəti |
| Company type | State-owned |
| Industry | Oil and gas |
| Founded | 13 September 1992 |
| Founder | Abulfaz Elchibey |
| Headquarters | , |
Area served | Europe & Asia |
Key people | Rovshan Najaf (president) |
| Products | |
| Services | |
| Revenue |  AZN 119,2 bn (2022)[1] |
| AZN 9.36 bn (2022)[1] | |
| AZN 9.4 bn (2022)[1] | |
| Total assets | AZN 80.8 bn (2022)[1] |
| Total equity | AZN 33.3 bn (2022)[1] |
| Owner | Azerbaijani Government |
Number of employees | 100,000 (2018)[2] |
| Subsidiaries | BOS Shelf, AZFEN, Petkim, Star Refinery, Baku Shipyard LLC, Interfax Azerbaijan, Ateshgah Insurance, AzLAB, EKOL Engineering |
| Website | www |
The State Oil Company of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikası Dövlət Neft Şirkəti, ARDNŞ), largely known by its abbreviation SOCAR, is a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea. It operates the country's only oil refinery, one gas processing plant and runs several oil and gas export pipelines throughout the country. It owns fuel filling station networks under the SOCAR brand in Azerbaijan, Turkey, Georgia, Ukraine, Romania, Switzerland, and Austria.
SOCAR is a major source of income for the authoritarian regime in Azerbaijan.[3] The company is run in an opaque manner, as it has complex webs of contracts and middlemen that have led to the enrichment of the country's ruling elites.[3][4][5][6][7]
- ^ a b c d e "SOCAR, Consolidated Financial Statements (IFRS), 31 December 2022". SOCAR. Archived from the original on 29 September 2023. Retrieved 17 February 2024.
- ^ "Archived copy" (PDF). Archived (PDF) from the original on 25 April 2019. Retrieved 25 April 2019.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ a b Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 114–120. ISBN 978-0-231-80141-6.
- ^ Ross, Michael (2012). The Oil Curse: How Petroleum Wealth Shapes the Development of Nations. Princeton University Press. p. 60. ISBN 978-0-691-14545-7.
- ^ Gillies, Alexandra (20 December 2019). Crude Intentions: How Oil Corruption Contaminates the World. Oxford University Press. ISBN 978-0-19-094072-0.
- ^ Waal, Thomas de (2 November 2018). The Caucasus: An Introduction. Oxford University Press. pp. 185–186, 226–229. ISBN 978-0-19-068311-5.
- ^ Cornell, Svante E. (2015). Azerbaijan Since Independence. Routledge. pp. 210–211, 235. ISBN 978-1-317-47621-4.