Headquartered in Geneva SOCAR Trading
Headquartered in Geneva, SOCAR Trading is the international marketing and development arm of SOCAR, the State Oil Company of Azerbaijan.
The company markets the bulk of SOCAR crude oil export volumes from Ceyhan, trades significant volumes of third party crude and oil products and assists its parent company with international investments in logistics and downstream.
Since it shipped its first cargo in April 2008, SOCAR Trading has successfully optimised and diversified the SOCAR barrel among end-users across Europe, Asia and the Americas.
Crucially, SOCAR Trading has also leveraged its system barrel successfully to access significant third-party crude and product volumes, processing operations and investments in oil logistics. Third party business makes up more than one third of SOCAR Trading's activities.
As of late 2010, SOCAR Trading employed close to 100 employees and has offices in Geneva, Baku, Singapore, Vietnam, Dubai and Lagos, with New York, Cairo and Istanbul to follow.
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