Azerbaijan Absheron Project Panorama - Oil and Gas Upstream Analysis Report market research report available in US $ 1000 only at marketreportsonline.com - Buy Now or Ask an Expert To know More about this report. Azerbaijan Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much investment, the government is now looking to stimulate investment and accelerate deployment. Furthermore, the government is working on a new energy strategy that will set the stage for further policy shifts. SOCAR GPC, a subsidiary of State Oil Company of the Azerbaijan Republic (SOCAR) is undertaking the construction of Oil and Gas Processing and Petrochemical Complex (OGPC) project in Azerbaijan. The project involves the construction of a liquefied natural gas (LNG) processing plant, oil refinery, petrochemical plant, 250MW thermal power plant on 4,500ha of land.