SOCAR’s subsidiary shortlisted for ICA award

SOCAR Midstream Operations LLC (a subsidiary of Azerbaijan’s state oil company SOCAR) has been shortlisted for an ICA Compliance Award Small Compliance Team of the Year (<5 team members) – Non-Financial Services, Report informs referring to SOCAR Midstream.

“We are delighted to be shortlisted for an ICA Compliance Award Small Compliance Team of the Year (<5 team members) – Non-Financial Services. The ICA Compliance Awards celebrate the outstanding achievements, collaboration, and innovation of the compliance and financial crime prevention teams across the globe,” reads the message.

Following a thorough judging process, SOCAR Midstream Operations LLC was shortlisted, ahead of the official awards ceremony to be held on June 27, 2024.

“On behalf of ICA, I would like to personally thank everyone who entered the ICA Compliance Awards. It gives me great pleasure to congratulate SOCAR Midstream Operations LLC on being shortlisted as a finalist in the category of Small Compliance Team of the Year - Compliance Crusaders: Celebrating Excellence in Small Team. All of the entrants represent the very best of what our industry has to offer, and I am looking forward to welcoming all our finalists to the awards ceremony on the 27th of June,” said ICA’s president, Pekka Dare.

This year’s ICA Compliance Awards nominations are grouped into four themes: Governance, Risk and Compliance, Financial Crime Prevention, Talent and Recognition and Innovation and Partnerships.

The International Compliance Association (ICA) is the leading professional body for the global compliance community on regulatory compliance and financial crime matters.

SOCAR Midstream Operations LLC was created in 2014. The company’s authorized capital is 59.501 million manats ($35 million).