SOCAR Trading is SOCAR’s international marketing and trading arm. Established initially to market Azerbaijani crude, the company has developed into a diversified commodity trading business active across crude oil, light and middle distillates, fuel oil, LPG, LNG, natural gas, petrochemicals, fertilizers as well as biofuels and carbon trading.
Operating through five main trading hubs in Geneva, London, Singapore, Dubai and Houston, SOCAR Trading combines the marketing of SOCAR-related flows with third-party trading activities across international energy markets.
SOCAR Trading also provides commercial support to physical assets across the SOCAR value chain through supply and offtake activities.
SOCAR Trading Activities
Crude Oil
Azeri Light remains at the core of SOCAR Trading’s crude oil business. The company markets Azerbaijani crude to international customers, drawing on its market knowledge, trading capabilities and network of counterparties.
Products
SOCAR Trading teams handle LPG, light and middle distillates, fuel oil, petrochemicals, fertilizers and biofuels.
LNG
LNG has become an important part of SOCAR Trading’s diversified portfolio, with the business continuing to expand its geographical reach and relationships across international markets.
Natural Gas
SOCAR Trading has developed a physical natural gas business across Europe and is active at key trading hubs including TTF, PSV and ZTP, as well as in Eastern European markets. The desk combines physical trading with optimisation, hedging and portfolio strategy.
Paper Trading
The Paper Trading desk provides comprehensive hedging services both for SOCAR Group’s operations and for external clients.
Carbon Trading
SOCAR Trading is active across both compliance and voluntary carbon markets. Its activities include carbon trading, environmental-product solutions and carbon-project development.
ESG Performance
SOCAR Trading reports annually on its ESG performance and continues to integrate sustainability considerations across its operations and trading activities. Its ESG initiatives include monitoring its greenhouse-gas footprint, improving the environmental performance of shipping activities, and developing environmental-product trading capabilities.
SOCAR Trading pursues a broad range of ESG initiatives, from independent ESG ratings by third-party assessment providers to CSR activities in the communities where SOCAR Trading operates. Full details of SOCAR Trading’s ESG performance and wider sustainability work can be found in SOCAR Trading’s annual ESG reports.
Our People
SOCAR Trading employs more than 250 people across its five main trading locations in Geneva, London, Singapore, Dubai and Houston. With more than 38 nationalities represented across its workforce, the company reflects the international nature of the markets in which it operates.
SOCAR Trading also offers internship opportunities for young professionals, providing participants with first-hand exposure to the energy trading business and insight into the work of different departments.
For more details on SOCAR Trading activities, please follow this link: SOCAR Trading.
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