BAKU, Azerbaijan, January 20. The State Oil
Company of Azerbaijan (SOCAR) and Ukraine’s Naftogaz Group held
discussions to strengthen cooperation and explore new collaboration
opportunities, SOCAR President Rovshan Najaf said in a post on his
social media page, Trend reports.
"Within the framework of the World Economic Forum 2026, I met
with Sergii Koretskyi, Chairman of the Board and CEO of Naftogaz
Group. During the meeting, we reaffirmed our commitment to
enhancing cooperation and exploring new partnership opportunities,"
the post said.
Notably, in July 2025, Naftogaz Group signed its first contract
to purchase Azerbaijani natural gas from SOCAR’s subsidiary, SOCAR
Energy Ukraine. This marked the first trial shipment of Azerbaijani
gas via the Trans-Balkan route through the Bulgaria-Romania-Ukraine
corridor.
Naftogaz is Ukraine's state-owned, vertically integrated
national oil and gas company, responsible for the entire energy
chain from exploration to supply. It plays a crucial role in
Ukraine's energy security and economy, handling production,
transit, storage, and refining. Wholly owned by the government and
subordinated to the Cabinet of Ministers, Naftogaz's key
subsidiaries include Ukrgasvydobyvannya (production) and
Ukrtransgaz (transit).
It is essential for energy supply, is the largest producer and
distributor in Ukraine, and also has a global presence with
operations in Egypt and representative offices abroad. Naftogaz is
pivotal to managing Ukraine's hydrocarbon resources and
infrastructure.
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