Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

The State Oil Company of Azerbaijan Republic, largely known as SOCAR is fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
7
Staff(RF), 2021
2
The Company Statement
September 28, 2023

Azerbaijan's SOCAR halts Russian crude supplies to Turkish refinery. Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again. 28.09.2023: The legal entity was liquidated.

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Statements Archive
December 25, 2023Baku has not ruled out the possibility of buying out the LUKOIL Neftohim Burgas refinery
October 05, 2023Exclusive: Russia’s Lukoil lends Socar $1.5 billion in deal to supply its Turkish STAR refinery
September 08, 2023Reuters: Azerbaijani SOCAR has suspended the purchase of Russian oil for refineries in Turkey
February 08, 2023Azerbaijan's SOCAR halts Russian crude supplies to Turkish refinery
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