Economy
SOCAR Reports $50.8 Billion Revenue for 2025
SOCAR reported revenue of $50.8 billion for 2025. The company's operating profit rose by 80%, reaching $3.1 billion.
📅 August 14, 2026, 14:29
SOCAR
SOCAR is the State Oil Company of Azerbaijan, a major energy producer and regional player. Follow news about its operations, projects, and role in regional development.
Economy
SOCAR Acquires ITOCHU’s Stake in Azeri-Chirag-Gunashli Project
The State Oil Company of the Republic of Azerbaijan (SOCAR) has acquired Japanese corporation ITOCHU's stake in the development of the ACG…
📅 August 3, 2026, 15:56
Economy
Slovakia plans to import gas from Azerbaijan
Slovakia's Economy Minister Denisa Sakova announced after a meeting in Baku that the country intends to purchase approximately 1.2 billion cubic meters…
📅 July 14, 2026, 17:39
Politics
UK Lifts Sanctions on Azerbaijan’s «Zangezur» Tanker
The UK government has removed the "Zangezur" oil tanker from its sanctions list. The vessel was previously accused of assisting in destabilizing…
📅 July 9, 2026, 12:02
VIDEO
Incidents
Truck crashes into fuel station in Baku
In Baku's Nizami district, a SOCAR fuel tanker truck and a KIA passenger car lost control and drove into a petrol station;…
📅 July 9, 2026, 11:06
Politics
Azerbaijan lodges protest with Russia: Ambassador summoned to Foreign Ministry
Azerbaijan's Foreign Ministry has summoned Russia's Ambassador Mikhail Yevdokimov to the ministry over attacks on Azerbaijani facilities in Ukraine.
📅 July 6, 2026, 16:39
SOCAR: State Oil Company of Azerbaijan
SOCAR (State Oil Company of the Azerbaijan Republic) is Azerbaijan's national oil and gas company, established in 1992. As one of the region's largest energy producers, SOCAR plays a crucial role in Azerbaijan's economy and regional geopolitics. The company operates extensive oil and gas fields, pipelines, and refineries, exporting energy resources to Europe, the Middle East, and beyond.
SOCAR's significance extends beyond energy production. The company is central to Azerbaijan's diplomatic relations and infrastructure projects across the South Caucasus and beyond. Its operations intersect with international business, transit corridors, and regional stability. For the Jewish community and diaspora, SOCAR's energy policies and regional role are relevant to understanding Azerbaijan's strategic position and its relationships with neighboring countries, including connections to Israel and broader Middle Eastern dynamics.
This section covers SOCAR's corporate news, project developments, leadership announcements, investment decisions, and economic impact. Readers will find updates on the company's role in Azerbaijan's energy sector, international partnerships, and its broader influence on the region's political and economic landscape.