Socar Wikipedia -
: 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)
: By 2025, the company expanded its footprint by acquiring a 10% stake in Israel's Tamar gas field and signing agreements to deliver gas to Syria via Turkey. Socar Wikipedia
: SOCAR operates the Heydar Aliyev Baku Oil Refinery , the country's only such facility, and the STAR Oil Refinery in Turkey. : As of April 2026, Natig Mustafayev serves
While a major economic driver, SOCAR has faced significant scrutiny: : As of April 2026
: In late 2023, SOCAR acquired assets from the Norwegian firm Equinor, including stakes in the BTC pipeline and the ACG oil field.