Introduction to SOCAR
Adaption: Module I
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| State Oil Company of Azerbaijan Republic SOCAR, founded on September 13, 1992, is the state-owned oil and gas company of Azerbaijan. SOCAR plays a pivotal role in the country's energy sector by engaging in the search, exploration, and development of oil and gas deposits. It also handles the production, processing, and transportation of oil, gas, and gas condensates, as well as the sale of oil, petrochemical products, and gas, both domestically and internationally. In addition, SOCAR ensures the supply of natural gas to the industry and population within Azerbaijan. Next |
| Mission To contribute to sustainable development and energy security at the local, regional, and international levels by enhancing our rich oil and gas operations experience with modern technologies and competencies. Next |
| Purpose To become a leading energy and chemical company by advancing our operations through energy transition, innovation, and digitization. Great! |
Core Values
We are commited to our core values and principles that enable us to power the country
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SecuritySOCAR prioritizes the safety of its operations, employees, and the environment. The company implements robust safety standards and risk management practices across all its activities. By maintaining a high level of operational integrity, SOCAR ensures the protection of its people and assets, minimizing hazards and ensuring business continuity. -
One TeamCollaboration and teamwork are at the heart of SOCAR's success. The company fosters a culture of unity and mutual respect, where individuals across all levels and divisions work together toward common goals. By promoting diversity and inclusion, SOCAR ensures that every voice is heard, enabling innovative solutions and a stronger organizational bond. -
AccountabilitySOCAR operates with a strong sense of responsibility and transparency. The company holds itself accountable for its decisions and actions, ensuring that every task is completed with integrity and ethical conduct. By maintaining clear reporting and governance structures, SOCAR ensures that it meets both its legal obligations and stakeholder expectations. -
Sustainable DevelopmentSOCAR is committed to the long-term sustainability of its operations and the environment. The company continually seeks to reduce its environmental impact by investing in cleaner technologies, energy transition initiatives, and carbon reduction strategies. SOCAR aligns its business objectives with global sustainability goals, ensuring that economic growth does not come at the expense of ecological preservation. This value underscores SOCAR’s dedication to future generations, ensuring a balanced approach between business growth and environmental stewardship.
SOCAR is committed to driving energy transition and digital transformation. With a focus on sustainability, the company aims to minimize its carbon footprint while continuing to meet global energy demands through advanced chemical and energy operations.
Organizational structure and functional workflow
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- 24enterprises
- 10non-production enterprises
- 14manufacturing enterprises
Cross-functional communication - Workflow
SOCAR operates through several main segments
Upstream
Exploration, Drilling, and Production
Midstream
Transportation and Storage
Downstream
Refining and Trading
Leadership Team
Organizational Structure and Leadership
- Rovshan NajafPresident, SOCAR
- Zaur QurbanovVice-President
- Kənan NəcəfovVice-President
- Ziba MustafayevaVice-President
- Əfqan İsayevVice-President
- Babək HüseynovVice-President
- Arzu CavadovaVitse-prezident
Let's have a quick quiz
A quiz based on the information about SOCAR
Quiz
Ready to get started?
In this quick quiz, you’ll answer a few questions to see how well you understand SOCAR’s role in the energy industry and what makes it a leading company. Whether you’re a SOCAR expert or just learning, this quiz is a great way to reinforce your understanding.
What is SOCAR’s mission?
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Right!
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Which of the following is NOT one of SOCAR’s core values?
Innovation is important for SOCAR's future development, but it is not explicitly listed as one of their core values. However, SOCAR emphasizes innovation as part of its purpose to evolve through energy transition, digitization, and modernization. The core values focus more on how the company operates daily rather than on strategic goals like innovation.
Security is one of SOCAR’s core values. It refers to the company’s dedication to ensuring the safety and integrity of its operations, people, and the environment. SOCAR prioritizes high safety standards and risk management in all its activities.
Accountability is another core value of SOCAR. This value emphasizes the company’s commitment to ethical behavior, transparency, and responsibility in its operations. SOCAR holds itself accountable to stakeholders, regulators, and society, ensuring that decisions and actions align with its corporate governance principles.
One Team is also a core value of SOCAR, highlighting the importance of collaboration, unity, and inclusiveness within the company. SOCAR fosters a strong sense of teamwork and encourages employees to work together toward common objectives, ensuring everyone contributes to the company’s success.
Who is the current president of SOCAR?
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Correct!
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Keep Learning
You’re off to a good start! There’s so much to discover about SOCAR’s operations and values. Don’t worry, with a little more practice, you’ll master the details in no time! Keep going—you’ve got this!
Almost There!
You’ve got a good grasp of SOCAR, but there’s just a little more to learn. Review the details, and next time you’ll ace it! You're well on your way to becoming a SOCAR expert!
SOCAR Expert!
You’ve got a solid understanding of SOCAR’s mission, values, and leadership. Keep up the great work—you're ready to share your SOCAR knowledge with the world!