Socar is a state-owned oil and gas company based in Azerbaijan. Founded in 1992, it plays a crucial role in the exploration, production, and transportation of hydrocarbons. The company is involved in various projects, including the development of oil fields and natural gas reserves, contributing significantly to the country's economy. In addition to its operations in Azerbaijan, Socar has expanded its presence internationally, engaging in partnerships and investments in several countries. The company is also involved in refining and petrochemical production, making it a key player in the global energy market.