History
Headquartered in Geneva, SOCAR Trading was established in December 2007 as the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR).
SOCAR Trading is unique: it enjoys the advantages of being a wholly-owned state entity combined with the independence and global presence of a major commodities trading company based in Switzerland.
While the company continues to market the bulk of SOCAR crude oil export volumes from Ceyhan port in Turkey, it has also been able to develop significant third party volumes through both leveraging its system barrels, as well as its experienced traders developing new business.
Since 2017, SOCAR Trading has invested into the development of LNG and Gas trading capabilities with the carbon trading desk set up in 2021. Today, SOCAR Trading is the global trading house with offices in five major trading hubs and crude oil, refined products, LNG, natural gas and environmental products trading capabilities. Besides its trading activities SOCAR Trading has relationships with SWIFT and more than 40 banks in Europe, Asia and US.
SOCAR Group
SOCAR Trading S.A. is a 100%-owned subsidiary of SOCAR, the national oil company of Azerbaijan, which has a presence across the value chain with assets and activity in exploration and production, pipelines and exports, refining and petrochemicals, logistics and wholesale, and retail and distribution.
Our Mission, Vision and Values
We are committed to enhancing positive and reducing negative impacts on environment, society, and our stakeholders by integrating the responsible business approach into all our operations and strategic objectives. Our mission, vision, and values shape our strategic trajectory and are an indispensable part of our organizational identity.
Timeline of SOCAR Trading
Offices
SOCAR Trading relies on its 5 main trading offices strategically located in international trading hubs Geneva, London, Singapore, Dubai and Houston.
As a global trading hub and a home to its head office, Geneva is the centre of SOCAR Trading’s operations. This allows the company to pick top talent from a large pool of professionals in all trading functions, in addition to being able to maintain strong relationships with financial institutions and other business partners.
Company managed to diversify its portfolio by investing in low carbon commodities and to expand the markets where we operate.