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SO
National Oil Company
Integrated
SOCAR
Baku, Azerbaijan · Established 1992 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
The State Oil Company of Azerbaijan Republic (SOCAR) is the national oil company operating upstream assets in the Caspian Sea, domestic refining, and international downstream via the STAR refinery in Turkey and retail networks. Azerbaijan production averages 550 kbpd with gas output from Shah Deniz feeding the Southern Gas Corridor to Europe.
FY2023 revenue approximated $20 billion with net income near $1.5 billion. ACG field (Azeri-Chirag-Gunashli) operated by BP is the primary oil revenue sou...
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