Its roles Owner Investor / Financier Offtaker
SOCAR (State Oil Company of the Republic of Azerbaijan) is Azerbaijan’s state‑owned energy company, headquartered in Baku. It is active across the oil and gas value chain, including exploration and production in the Caspian basin, gas processing, refining, and participation in regional pipeline infrastructure connecting the Caspian to Türkiye and Europe. SOCAR also engages in international trading and logistics to supply crude oil, natural gas, and refined products to industrial markets.
For the chemical industry, SOCAR operates and holds interests in refining and petrochemical assets that provide fuels and key feedstocks. In Azerbaijan, its operations include gas processing and petrochemical units in the Sumgayit industrial area, alongside SOCAR Polymer, which produces polyolefins. Through SOCAR Türkiye Enerji, the company owns and operates the STAR Refinery in Aliağa and holds a majority stake in Petkim Petrokimya Holding, a major Turkish producer of polymers and chemical intermediates. These integrated assets support regional plastics, chemicals, and manufacturing value chains. SOCAR also pursues efficiency and lower‑emission initiatives under programs such as “SOCAR Green.”
Also known as SOCAR Green.
chemXplore tracks 4 projects involving SOCAR, of which 4 are active.
Closest to start-up first.
Includes license for a world‑scale mixed‑feed ethylene cracker and PDP/FEED for integrated units producing ethylene, propylene, HDPE/LLDPE and polypropylene.
Meeting highlighted Italy investments including an acquisition in Italiana Petroli, praised oil-refining and petrochemical partnership, and explored expanding cooperation and new joint projects.
Absheron expansion to unlock up to 5 Tcf of gas; production expected from 2029 at 600 MMcf/d and 47,000 b/d condensate, tied into the Southern Gas Corridor.
Deals cover a 50/50 PSA for unconventional hydrocarbons, Absheron FID, LNG export options for Haynesville gas, cloud operator appointment and a 10% Baleine stake.
Adds a 10% interest in the Baleine offshore field; discovered 2021, production began 2023. Project is billed as Africa’s first net‑zero offshore oil and gas development.
Agreement covers joint upstream projects in Azerbaijan and abroad and expands cooperation into refining, petrochemicals, technical services, equipment supply and new technologies.
Acquires stakes in Legacy and Western Haynesville plus a participation in Pinnacle Gas; deal valued at $1.65bn with closing targeted by Dec 31, 2026.
Open call for startups and tech firms to test energy transition, AI, digital and HSE solutions in real operations; applications close Sept 12, 2026.
active all projects
The 6 sharing the most projects, of 8.
