UAE

SOCAR operates a wholly owned subsidiary, SOCAR Overseas LTD, registered in the Dubai International Financial Centre (DIFC), Emirate of Dubai, United Arab Emirates (UAE).

SOCAR Overseas LTD primarily operates as an investment and holding company. Until 2017, the company held a 50% interest in the Fujairah Terminal through its participation in the SOCAR-Aurora JV (UAE). Until 2019, it held an 80% interest in Star Gulf FZCO (UAE), which in turn owned 50% of BOS Shelf LLC (Azerbaijan). Until 2024, it also held a 100% interest in AP International SA, which owned a 49% stake in SOCAR Petroleum CJSC, the operator of a retail fuel station network in Azerbaijan.

Currently, SOCAR Overseas LTD cooperates with a wide range of third parties operating across various sectors and holds a 100% ownership interest in the following SOCAR entities:

• SOCAR Overseas FZCO (UAE)

Engages in the trading of crude oil and refined petroleum products in cooperation with SOCAR’s Marketing and Operations Department (Azerbaijan) and SOCAR Trading Middle East FZCO (UAE).

• SOCAR Logistics FZCO (UAE)

Provides logistics services to SOCAR subsidiaries and third parties across the Caspian Sea, Black Sea and Caucasus regions.

In addition, SOCAR Logistics FZCO, through Turan Energy AFEZCO (Azerbaijan), a joint venture in which it holds a 50% equity interest, is engaged in the trading and transportation of crude oil, refined petroleum products and petrochemical products.

• UML Middle East FZCO (UAE)

Engages in the maritime transportation of crude oil and petroleum products.

• SOCAR Baleine Holding Limited (UAE)

Registered in the Abu Dhabi Global Market (ADGM), Emirate of Abu Dhabi, United Arab Emirates, the company’s principal activity is participation in investment projects across various countries.