Baku, September 7, 2025 – The Europe Today: The State Oil Company of Azerbaijan (SOCAR) and Qatar-based UCC Holding have signed Memoranda of Understanding (MoUs) to establish long-term cooperation in Syria and international energy markets.
The signing ceremony was attended by Azerbaijan’s Minister of Economy and Chairman of SOCAR’s Supervisory Board Mikayil Jabbarov, UCC Holding Chairman Moutaz Al-Khayyat, and other senior officials. The documents were formally signed by SOCAR President Rovshan Najaf and UCC Holding President Ramez Al-Khayyat.
The agreements envisage comprehensive collaboration across the entire energy value chain, including oil and gas exploration and production, development of transportation and storage infrastructure, refining and petrochemical projects, trading and supply of crude oil, petroleum products, and aviation fuel. The partnership also foresees the construction of highly efficient combined-cycle gas turbine power plants.
Supported by the governments of Azerbaijan and Qatar, the agreement aimed at revitalizing Syria’s energy sector carries significant importance for the country’s overall economic recovery. The cooperation will contribute to rebuilding Syria’s energy infrastructure in line with modern practices and international standards.
A second MoU between the two companies provides for cooperation in other countries and the joint implementation of projects in international energy markets, further enhancing the global scope of the partnership.
