26 Facts About SOCAR


SOCAR produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea.

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SOCAR is a major source of income for the authoritarian regime in Azerbaijan.

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SOCAR 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.

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SOCAR replaced Natig Aliyev, who was named Azerbaijan's Minister of Industry and Energy.

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SOCAR's activities are exploration, preparation, exploitation of onshore and offshore oil and gas fields, transportation, processing, refining and sale of oil, gas, condensate and other related products.

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In September 1994, SOCAR entered into a Production sharing agreement with the foreign oil companies led by BP for the 30-year development of the ACG oil field which was later known as the Contract of the Century.

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SOCAR has a share in two parallel-running major export pipelines of the country; Baku-Tbilisi-Ceyhan pipeline and South Caucasus Pipeline .

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SOCAR has two oil refineries and one gas processing plant.

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In November 2011, SOCAR bought ExxonMobil's Swiss subsidiary Esso Schweiz for an undisclosed amount.

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The first SOCAR premium fueling station in Switzerland after the rebranding was opened in September 2012 in Zurich.

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In December 2007, SOCAR Trading was incorporated and became the marketing division of SOCAR.

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On 15 July 2021, SOCAR signed a cooperation agreement with Technip Energies involving a joint pilot project to produce offshore energy on a floating wind turbine.

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SOCAR's headquarter is located at a 42-floor SOCAR Tower which was under construction since 2010 and completed in late 2016.

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Altogether, fourteen SOCAR's workers were killed in oil and gas platforms accidents in 2014.

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On 4 December 2015, three workers of SOCAR were reported missing after part of the living quarters at Oil Rocks fell into the sea due to a heavy storm.

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SOCAR is often associated with the widespread corruption in Azerbaijan.

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SOCAR itself stated that its sponsorship had never been a secret.

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SOCAR is part of corruption revelations that led to the murder of Maltese investigative journalist Daphne Caruana Galizia in October 2017.

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In 2020, SOCAR came under criticism after it publicly engaged in war propaganda against Armenia on behalf of the Azerbaijani government during the 44-day Nagorno-Karabakh war between Armenia and Azerbaijan.

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Since 2012, SOCAR has sought to avoid U S sanctions aimed at Iran, its partner in a 28 billion dollar Caspian Sea natural gas project.

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SOCAR funded an all-expenses-paid US-Azerbaijan "energy conference" in Baku for 10 members of Congress and 32 staff members which took place on 28 and 29 May 2013.

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In May 2013, UEFA announced that SOCAR is an Official Sponsor of the 2016 UEFA European Football Championship final tournament, and acquires rights in connection with the European Qualifiers, which run from 2014 to 2017, and which relate to the qualification matches for UEFA Euro 2016 and the 2018 FIFA World Cup.

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SOCAR becomes an Official Sponsor of the 2016 UEFA European Under-17 Football Championship, which will take place in Azerbaijan.

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In September 2014, SOCAR signed an agreement to become an Official Partner of Baku 2015 European GamesSOCAR is the sponsor of Association of Football Federations of Azerbaijan and Azerbaijani football club Neftchi Baku.

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SOCAR became the title sponsor and official partner for the 2019 Formula 1 Azerbaijan Grand Prix event held in Baku.

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In 2021 the UEFA quietly terminated its partnership with SOCAR without informing the public, after criticism of the sponsorship had grown stronger.

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