The largest state-owned company in the Republic of Azerbaijan, SOCAR, is involved in exploring and developing oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate as well as marketing petroleum and petrochemical products in domestic and international markets.
State-owned company of Azerbaijan, providing and operating national electric power system, engaged in the coordination of power plants, substations, transmission lines and controls, while conducting power interchange operations with foreign countries.
State-owned enterprise dealing in purchasing and selling electricity on the basis of applicable tariff rates. It is engaged in ensuring a reliable, safe and effective supply of electricity to consumers in the territory of the Republic of Azerbaijan (except for the territory of the Autonomous Republic of Nakhchivan), applying new technologies in this area, upgrading the material and technical base and securing its effective use.
State-owned enterprise engaged in the study, research, exploration and management of ferrous and non-ferrous metal ore deposits, including production, transportation, processing and marketing of such products. AzerGold also produces competitive products in accordance with international standards through the application of new technologies.
The main state-owned enterprise engaged in railway transportation. Azerbaijan Railways also implements the development and improvement of the railway infrastructure and public railway transport, including railway traffic management, modernization and efficient use of the railway fleet and its material and technical base. The company also provides other railway services.
Largest state-owned air carrier of Azerbaijan, engaged in developing and improving civil aviation, while meeting the needs of the Azerbaijani population and local businesses in air transportation, aviation and other civil aviation services.
State-owned enterprise with the right to provide marine port services to meet the needs of maritime transport for products, works and services.
State-owned enterprise engaged in increasing the efficiency of national and international maritime transportation, while applying advanced international experience and innovations to ensure uninterrupted services in commercial shipping activities. Azerbaijan Caspian Shipping CJSC also provides high quality and competitive services to local and international businesses, including private individuals and legal entities.
State-owned enterprise engaged in subway transportation, while ensuring the development of the subway infrastructure by strengthening its technical base and construction of new subway lines and stations.
State-owned company that carries out passenger transportation services in the public bus service segment in accordance with international standards within Baku city, with due regard to safety and environmental protection.
The main state-owned enterprise engaged in the management of water resources in the territory of Azerbaijan, while supplying the national territory assets with water for irrigation and organizing the operation of state-owned land reclamation and irrigation systems. Azerbaijan Amelioration and Water Farm is also responsible for ensuring scientific and technical development in this field.
State-owned enterprise providing the heat and hot water supply to residential houses and buildings, social facilities and other enterprises, departments and organizations in Baku and in the regions of Azerbaijan, regardless of the form of ownership.
State-owned enterprise of Azerbaijan engaged in making necessary arrangements for the extraction of water from sources, followed by its treatment, transportation and sales. Azersu also provides the centralized drinking water and sewerage services in the Republic of Azerbaijan.
State-owned enterprise that works to improve the environmental conditions of the city by organizing and managing the system of solid waste storage, recycling and disposal in the territory of Baku in line with modern standards.
The largest state-owned bank of Azerbaijan, playing the key role in the implementation of social and financial payments. ABB provides a wide range of banking services and loans to its private and corporate clients
State insurance company operating in all regions of Azerbaijan, maintaining a wide network of insurance agencies.
Azer-Turk Bank Open Joint-Stock Company is a commercial bank with 75% of state-owned shares. Azer-Turk Bank provides a wide range of banking services and loans to the population and entrepreneurs