Socar Aqs, a prominent player in the oil and gas industry, is headquartered in Azerbaijan (AZ) and operates extensively across the Caspian region. Founded in 2007, the company has rapidly established itself as a leader in the provision of high-quality drilling and well services, catering to both local and international markets.
Specialising in advanced drilling technologies and innovative well construction solutions, Socar Aqs distinguishes itself through its commitment to safety and efficiency. The company has achieved significant milestones, including successful collaborations with major industry partners, which have bolstered its market position. With a focus on sustainable practices and cutting-edge methodologies, Socar Aqs continues to drive growth and innovation within the energy sector.
-5 vs industry average
Socar Aqs’s score of 14 is lower than 32% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Socar Aqs's reported carbon emissions
In 2021, SOCAR AQS reported total carbon emissions of approximately 10,034,300 kg CO2e, all of which were classified as Scope 1 emissions. This figure represents a decrease from 11,368,000 kg CO2e in 2020 and 19,392,000 kg CO2e in 2019, indicating a significant reduction in direct greenhouse gas emissions over the three-year period. SOCAR AQS is committed to further reducing its greenhouse gas emissions, with specific targets set for both Scope 1 and Scope 2 emissions. The company has initiated a comprehensive assessment of its carbon footprint, which is a foundational step in its carbon reduction strategy. This commitment is part of a near-term plan that spans from 2023 to 2025, although specific percentage reduction targets have not been disclosed. The emissions data for SOCAR AQS is cascaded from its parent organization, SOCAR-AQS Limited Liability Company, reflecting its status as a current subsidiary. The company is actively working towards enhancing its sustainability practices and reducing its environmental impact in alignment with industry standards.
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Socar Aqs’s Climate Goals (2030 & 2050)
2 goals2025
We are committed to bringing down our GHG emissions
We are committed to bringing down our GHG emissions. During the reporting year, we carried out a thorough assessment of the carbon footprint…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Socar Aqs
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