Socar Cape JV Secures New Long-Term Contract to Deliver Multi-Discipline Fabric Maintenance Services Across Azerbaijan and Georgia
Baku, Azerbaijan – July 2025 – Socar Cape is pleased to announce the renewal and expansion of its strategic partnership with bp, with the award of a new 7+3 year contract for the delivery of multi-discipline Fabric Maintenance services across bp’s operations in both Azerbaijan and Georgia. This agreement builds on a trusted relationship that has been in place since 2013 and marks the beginning of a significant new chapter for Socar Cape.
The renewed partnership reflects a bold transition in operational philosophy, aimed at delivering greater efficiency and value for our clients. The new contract introduces innovative technologies, smarter execution models, and targeted capital investment to improve performance and sustainability. By aligning more closely with bp’s forward-looking operational goals, Socar Cape is poised to deliver best-in-class solutions tailored to the evolving needs of the region.
This next chapter is firmly rooted in Socar Cape’s history. Formed in 2010 as a joint venture between the State Oil Company of the Azerbaijan Republic (SOCAR) and Cape plc, the company became part of the Altrad Group following its acquisition of Cape in 2017. Today, Socar Cape draws upon the combined strength, resources, and global expertise of both shareholders—SOCAR and Altrad—to drive regional growth and set new benchmarks in industrial services.
Ilgar Ahmadov, General Director of Socar Cape, commented:
“This partnership represents a significant milestone for our business and shareholders. It demonstrates the strategic importance of Socar Cape’s role in delivering complex scopes safely, reliably, and efficiently. As a JV backed by two leading energy sector shareholders —SOCAR and Altrad—we see this long term contract as a strategic opportunity to reinforce our leadership in the Caspian Region and maintain our focus on delivering sustainable future value.”
Martin Docherty, Operations Director, added:
“Our ability to secure this extended partnership is built on a decade of proven performance. The structure of the new contract gives us the platform to drive further investment in people, technology, and innovation, enhancing the way we deliver safe and reliable operations. It’s an exciting moment in the history of our JV, which underlines our commitment to continuous improvement and sustainable growth.”
About Socar Cape:
Socar Cape is a leading provider of integrated industrial services in the Caspian region, specialising in fabric maintenance, access solutions, and specialist cleaning services. Formed in 2010 as a joint venture between the State Oil Company of the Azerbaijan Republic (SOCAR) and Cape plc, the company became part of the Altrad Group following its acquisition of Cape in 2017.