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RiskMinds International
13 - 16 November 2023
Intercontinental O2London

SOCAR

Profile

SOCAR Türkiye Enerji A.Ş. (SOCAR Türkiye), the Türkiye subsidiary of Azerbaijan State Oil Company SOCAR, is one of the world's longest-established oil and natural gas companies, it started its operations in 2008 by acquiring 51 percent of Petkim's shares from the Privatization Administration. Operating in the petrochemical, refining, natural gas trade and distribution sectors and realizing the value-added chain starting with crude oil and ending with the final product within the framework of the clustering model, SOCAR Türkiye successfully continues its activities as the largest industrial holding in the country and continuously improves its operations. SOCAR Türkiye is the first company in Türkiye to receive the title of 'Special Industrial Zone' for its lands in Aliağa, where most of its investments are located. 

SOCAR Türkiye, which has become a symbol of the increasing economic cooperation between the two brotherly countries Azerbaijan and Türkiye, supports Türkiye to become an important power in the international energy arena with the investments it realizes. While total SOCAR investments in Türkiye reach 17.6 billion dollars, SOCAR Türkiye's total investment will reach 19.5 billion dollars with its growth-oriented projects in natural gas, refinery and petrochemicals. 

Within the framework of its $19.5 billion investment plan, SOCAR Türkiye continues to resolutely implement strategies that will carry the competitiveness of the energy sector to the top. Having completed the integration process in refining, petrochemicals, energy, logistics, distribution and warehousing, the Group is the largest industrial holding in Türkiye and includes leading companies such as Petkim, TANAP, STAR Refinery, SOCAR Terminal, Petkim WPP, BURSAGAZ, KAYSERİGAZ, ENERVİS, SOCAR Energy Trade, Millenicom, SOCAR Trade and SOCAR Storage.