SOCAR makes strategic shifts, balancing upstream challenges with industrial opportunities

Azernews.Az

19 November 2025 17:15 (UTC+04:00)

Nazrin Abdul

S&P Global Ratings anticipates a gradual decline in SOCAR’s hydrocarbon production under its current operational model. SOCAR’s 2024 production amounted to 7.5 million tons of crude oil and 7.7 billion cubic meters of natural gas from its directly operated assets. The company additionally holds minority stakes in major international consortia-led fields, notably:

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