Top 10 Companies in Azerbaijan

Top 10 Companies in Azerbaijan

Azerbaijan, a major oil and gas producer in the Caspian Sea region, boasts a thriving corporate landscape. Here are the top 10 companies in Azerbaijan, based on their industry, market influence, and notable achievements:

1. SOCAR (State Oil Company of Azerbaijan Republic)
* Industry: Oil and gas
* Market Influence: National oil and gas monopoly
* Notable Achievements: Major producer and exporter of oil and gas, with operations in Azerbaijan, Turkey, and other countries

2. BP Azerbaijan
* Industry: Oil and gas
* Market Influence: Major foreign investor in Azerbaijan’s oil and gas sector
* Notable Achievements: Partner in the Azeri-Chirag-Guneshli (ACG) oil field, one of the largest in the Caspian Sea

3. Azercell Telecom
* Industry: Telecommunications
* Market Influence: Leading mobile operator in Azerbaijan
* Notable Achievements: Pioneered 4G and 5G services in the country

4. Kapital Bank
* Industry: Banking
* Market Influence: One of the largest banks in Azerbaijan
* Notable Achievements: Extensive branch network and a wide range of financial products

5. PASHA Bank
* Industry: Banking
* Market Influence: Major private bank in Azerbaijan
* Notable Achievements: Innovative digital banking services and a strong presence in the corporate sector

6. AzerTelecom
* Industry: Telecommunications
* Market Influence: State-owned fixed-line operator
* Notable Achievements: Provides broadband, fiber-optic, and mobile services

7. Azersun
* Industry: Manufacturing
* Market Influence: Largest producer of building materials in Azerbaijan
* Notable Achievements: Exporter of cement and other construction materials to neighboring countries

8. Baku Steel Company
* Industry: Manufacturing
* Market Influence: Leading steel producer in the region
* Notable Achievements: Supplies steel to major construction projects in Azerbaijan and abroad

9. SOCAR Polymer
* Industry: Petrochemicals
* Market Influence: Major producer of polyethylene and polypropylene
* Notable Achievements: State-of-the-art production facilities and a growing export market

10. AzerGold
* Industry: Mining
* Market Influence: National gold and silver mining company
* Notable Achievements: Significant gold and silver reserves, with plans for expansion and modernization