Who we are

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We are energy company,we explore, produce,refine and market products essential to society.

What we do

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Finding oil and gas, making and selling high-quality petroleum products,investing in innovative research and contributes to quality of life and energy future.

Investors

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We adhere to a proven,consistent strategy that focuses on long-term growth in shareholder value.

Publications

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We regularly communicate about key issues, company activities and milestones through our publications.

Gas Processing

The Company's gas processing plants processed 411 and 406 mln cubic meters of gas, respectively, in 2017. We produced 395 mln cubic meters of dry stripped gas, 756,000 tonnes of light hydrocarbon fractions, 188,000 tonnes of ethane fraction and 42,000 tonnes of sulphur

Petroleum Product Exports

We exported 26.94 mln tonnes of petroleum products in 2017 (including products bought from other producers), representing 63.7% of total product sales. Petroleum product exports grew 37.4% over the prior year, which was explained by increased refinery throughput. The Company delivered 25.86 mln tonnes of products (96% of overall export) to the 'far abroad' (non-CIS countries) and 1.07 mln tonnes to CIS countries. Fuel oil was 45% of product exports, 41% was diesel fuel, 11% was naphta

Crude oil exports

The Company exported 301 mln barrels (46.1 mln tonnes) of oil to Europe and 40 mln barrels (6.0 mln tonnes) to CIS countries. Deliveries to Asia-Pacific countries totaled 84 mln barrels (11.3 mln tonnes). China was the biggest importer in 2017, buying 71 mln barrels (9.0 mln tonnes), which matches the figure in 2017. China accounted for 19.9% of our production total oil exports.

Latest News


November 2018
Caspian oil and gas Conference 2019
Caspian Oil & Gas Conference is one of the most significant international oil and gas events where the very topical issues of bi-lateral and multi-lateral energy relations and global energy security are discussed. This conference is appraised as a peculiar institute for the oil and gas industry by the leading specialists of this sphere.
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July 2018
Caspian oil and gas: High hopes for a tough neighborhood
Azerbaijan has long been seen as a strategic gateway to vast oil and gas resources in the Caspian region and a source of energy security for Europe but has yet to live up to its promise as a bulwark against the influence of Russia and OPEC in the region.
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September 2017
The Azerbaijan Government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh have signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the Deep Water Portion of the Gunashli Field (ACG) in the Azerbaijan Sector of the Caspian Sea. The contract is now subject to ratification by the Parliament (Milli Majlis) of the Republic of Azerbaijan.
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