What is the current Azerbaijan Oil and Gas Upstream Market size?

The Azerbaijan Oil and Gas Upstream Market is projected to register a CAGR of greater than 1.5% during the forecast period (2024-2029) Read More

What years does this Azerbaijan Oil and Gas Upstream Market cover?

The report covers the Azerbaijan Oil and Gas Upstream Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Azerbaijan Oil and Gas Upstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Azerbaijan Oil and Gas Upstream Companies

Azerbaijan Oil and Gas Upstream Companies (2024 - 2029)

Several multinational companies, corporations, and groups are deeply involved in the global energy sector. These firms are engaged in diverse activities ranging from oil and gas exploration to refining and distribution. Their operations span across different regions, contributing significantly to the global economy while also playing a pivotal role in meeting the world's energy needs. These businesses continue to innovate and adapt to the changing dynamics of the energy sector, including the transition towards cleaner and more sustainable energy sources.

Single User License

~~$4750~~

Team License

~~$5250~~

Corporate License

~~$8750~~

Buy Now

Book before:

Top Companies in Azerbaijan Oil and Gas Upstream Market

This report lists the top Azerbaijan Oil and Gas Upstream companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Azerbaijan Oil and Gas Upstream industry.

State Oil Company of the Azerbaijan Republic
BP PLC
Equinor ASA
Total SA
Chevron Corporation

*Disclaimer: Top companies sorted in no particular order

Azerbaijan Oil and Gas Upstream Market Major Players

Azerbaijan Oil and Gas Upstream Market Concentration

Azerbaijan Oil and Gas Upstream Company List

Equinor ASA
Exxon Mobil Corporation
Total SA
State Oil Company of Azerbaijan Republic
BP PLC
Chevron Corporation
NK Lukoil PAO
Nobel Oil Group

Specific to Azerbaijan Oil and Gas Upstream Market

Need More Details On Market Players And Competitors?

Download Sample

Competitive Landscape Report Includes

Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.

Azerbaijan Oil and Gas Upstream Market Companies Summary

The Azerbaijan oil and gas upstream market has witnessed the presence of several international oil and gas giants, which have formed joint ventures with the State Oil Company of the Azerbaijan Republic (SOCAR) for exploration and production of various onshore and offshore fields. This collaboration is foreseen to drive the market's growth. However, the market's expansion may be hindered by the country's plan to increase the share of renewables in the energy mix, as well as by fluctuating crude oil prices. Technological advancements and the increasing feasibility of deepwater and ultra-deepwater projects are expected to create ample opportunities for market players. Azerbaijan has attracted foreign operators to invest in oil and gas exploration and production. SOCAR produces a significant portion of Azerbaijan's total oil output, while the remaining is produced by international oil companies. The main producing field in Azerbaijan, the Azeri-Chirag-Gunashli (ACG) complex, is operated by a significant shareholder in the Azerbaijan International Operating Company (AIOC), which was formed to develop the fields. Other companies have shown interest in the ACG fields. The stakeholders have extended their ACG production-sharing agreement (PSA) with the Azerbaijani government. Government policies and support related to oil and gas exploration and production are also expected to encourage companies to increase oil and gas investments in Azerbaijan.

Explore More