While a major economic driver, SOCAR has faced significant scrutiny:
: 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 Socar Wikipedia
, 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 While a major economic driver, SOCAR has faced
: As of April 2026, Natig Mustafayev serves as the Chief Executive Officer of the SOCAR Trading division. Historically, current Azerbaijani President Ilham Aliyev served as the company's first vice-president before taking office. Strategic Moves (2023–2026) Core Operations and Infrastructure : As of April
: 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.
