SOCAR charts shift from oil and gas to global energy and technology firm

Azerbaijan's state oil firm SOCAR announced a strategic transformation. The company aims to evolve from a traditional oil and gas producer into a global energy and technology enterprise. The shift is outlined by Rovshan Najaf in a trend.az article. SOCAR plans to diversify its portfolio beyond hydrocarbons. The new direction includes investments in renewable and tech sectors. Executives say the move aligns with global energy transition trends. Stakeholders will watch how the rebranding impacts financial performance. SOCAR expects the transformation to enhance its competitive edge.