SOCAR

SOCAR, or the State Oil Company of Azerbaijan Republic, is a major state-owned oil and gas company established in 1992. It is involved in the exploration, extraction, refining, transportation, and marketing of oil and gas. SOCAR operates not only in Azerbaijan but also in countries like Turkey, Georgia, Ukraine, and Switzerland, making it one of the world's leading energy companies. The recent news highlighted SOCAR's collaboration with Uzbekistan's Ministry of Energy and 'O‘zbekneftgaz' in signing an agreement for product distribution in the Ustyurt region, which indicates SOCAR's ongoing expansion and investment in international oil and gas exploration projects.