SOCAR-Uniper LLC

SOCAR-Uniper LLC is a joint venture between Azerbaijan's state oil company SOCAR (State Oil Company of Azerbaijan Republic) and Uniper, a German energy company. The joint venture was established in 2016 with the aim of developing energy projects in Azerbaijan and other countries in the Caspian region. The main focus of SOCAR-Uniper LLC is on developing energy infrastructure, such as power plants and natural gas pipelines, in Azerbaijan and neighboring countries. The joint venture is also involved in the trading and marketing of natural gas and other energy products. One of the key projects undertaken by SOCAR-Uniper LLC is the construction of a new natural gas power plant in Azerbaijan's capital city of Baku. The plant, which is expected to have a capacity of 65 MW, will help to meet the growing demand for electricity in the country and reduce its dependence on imported energy. Overall, SOCAR-Uniper LLC represents a strategic partnership between two leading energy companies, which is expected to bring significant benefits to Azerbaijan's energy sector and contribute to the country's economic development.