SOCAR’s expansion on the international stage now represents a new phase in Azerbaijan’s energy policy. For many years, SOCAR focused primarily on regional projects, managing oil refineries, opening fuel stations, and acting as a supplier. This model provided stable income but kept the company in the role of a secondary player in the global energy market. In recent years, however, SOCAR’s strategy has undergone a significant transformation. The company is no longer content with being a trader and refiner; it is strengthening its position as a producer. This marks a strategic turning point that further consolidates Azerbaijan’s energy diplomacy.
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The post SOCAR, Africa and Europe: mapping Azerbaijan’s expanding energy footprint first appeared on The World Web Times – worldwebtimes.com.
The post SOCAR, Africa and Europe: mapping Azerbaijan’s expanding energy footprint first appeared on The World Web Times – worldwebtimes.com.
