Downstream

As State Oil Company for a major oil producing country, SOCAR’s up- and midstream activities have traditionally dominated its asset base.

However, SOCAR also owns and operates Azerbaijan’s two legacy refineries with 400,000 bpd in processing capacity and has been expanding in several other downstream areas in recent years.

This will continue with the construction of several new refineries, in Azerbaijan and the surrounding region, as well as possible large downstream acquisitions in Europe and beyond.

SOCAR is rapidly building a branded retail station network in Azerbaijan, Georgia and Ukraine, and has made significant investments in petrochemicals, product logistics and downstream gas assets in Turkey and Georgia as well as at home.