SOCAR Energy Holdings AG holds and manages various investments in Switzerland and abroad, such as operating affiliates SOCAR Energy Switzerland GmbH and SOCAR Energy Austria GmbH with various business areas in the oil and gas market (downstream business). SOCAR Energy Holdings AG is headquartered in Zurich, Switzerland and is a subsidiary of SOCAR (State Oil Company of the Azerbaijan Republic, www.socar.az). Azerbaijan established SOCAR in 1993 with the aim of central management of the country's entire oil and gas industry. SOCAR employs more than 60,000 people, most of whom work in Azerbaijan but many are also employed in Eastern European countries. SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. For more information: http://new.socar.az/socar/en/home.