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SOCAR

  • SEC Charges Global Software Company with Bribery

    The U.S. The Securities and Exchange Commission (SEC) has chargedSAP, a multinational software company, with violating  the Foreign Corrupt Practices Act by bribing government officials at least in seven countries including  South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan.

  • Maltese Taxpayers Losing Out in Gas Deal with Azerbaijan

    Azerbaijan's state energy company won an opaque contract to sell gas to Malta. Documents obtained by investigative journalist Daphne Caruana Galizia before her death indicate that the island's taxpayers could be overpaying by tens of millions of dollars a year.

    An LNG tanker moored off the village of Marsaxlokk, location of the recently constructed Delimara Power Station, which runs on natural gas. Credit: ReutersAn LNG tanker moored off the village of Marsaxlokk, location of the recently constructed Delimara Power Station, which runs on natural gas. Credit: Reuters

  • SOCAR’s Turkish Partner Wins Massive No-Bid Construction Projects

    Azerbaijan's state-owned energy company, SOCAR, likes Turkey’s Tekfen Construction and Installation building company so much, it tried to buy into it in 2008.

    Construction on Baku Olympic Stadium was classified by the government as an urgent project, so single-source procurement was allowed. (Photo Credit: OCCRP)Construction on Baku Olympic Stadium was classified by the government as an urgent project, so single-source procurement was allowed. (Photo Credit: OCCRP)

  • Ethics Report Reveals Azerbaijan Secretly Bankrolled Trip for US Lawmakers

    Azerbaijan’s state oil company SOCAR dished out hundreds of thousands of dollars to bring 10 members of United States Congress and 32 staff members to a conference in Baku, according to an ethics report.

  • SOCAR Chief’s Son Practices "Charity" With Government Funds

    By Khalid Kazimov

    Rashad Abdullayev is one busy 21-year-old.

    At an age when many Azerbaijani youths would be happy to land entry-level jobs, he has amassed an impressive resume and an even more impressive portfolio of companies.

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