SOCAR’s department nearly triples revenues from non-oil exports

Agshin Rafigoglu
Author

In January-May this year, the Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported non-oil products worth $243.1 million, up $157.6 million or 2.8-fold from the previous year, Report informs, citing the "Export Review" of the Center for Economic Reforms Analysis and Communication.

In January-May 2022, Azerbaijan's exports amounted to $15.4 billion, with $1.2 billion in non-oil sector.

Other News

Indonesia cuts pipeline gas exports to Singapore by about 9% 24 October, 2026 / 18:20
Roadmap being prepared for final investment decision on Black Sea Energy Cable 24 October, 2026 / 16:00
Caspian-Black Sea-Europe Green Energy Corridor investment estimated at €22B 24 October, 2026 / 15:43
Azeri Light crude approaches $127 per barrel 24 October, 2026 / 10:37
Syria receives more than 1 billion cubic meters of Azerbaijani gas in eight months 23 October, 2026 / 18:41
KazMunayGas plans to export 1.7 million tons of oil via BTC in 2026 23 October, 2026 / 16:03
Brent reaches nearly $115 - Update-2 23 October, 2026 / 15:59
Azeri Light crude nears $122 per barrel 23 October, 2026 / 11:10
ADB to help modernize electricity grid in Azerbaijan 23 October, 2026 / 10:17
Technological solutions for Green Energy Corridor presented in Baku 22 October, 2026 / 17:48
Azerbaijan and Italian company discuss cooperation on Green Energy Corridor 22 October, 2026 / 17:41
Azerbaijan, China explore solar and offshore wind energy projects 22 October, 2026 / 15:54
Azerbaijan, World Bank discuss AZURE project 22 October, 2026 / 15:47
SOCAR, Eni mull opportunities for joint participation in projects abroad 22 October, 2026 / 15:34
Turkish сompany to сonduct grid studies for Shams SPP in Azerbaijan 22 October, 2026 / 15:05
Financing, investment partnership opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 13:43
Baku reviews off-take, market opportunities for electricity along Green Energy Corridor 22 October, 2026 / 13:29
Business model, investment opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 13:21
Azerbaijan develops roadmap for energy sector actions through 2060 22 October, 2026 / 12:56
Business model, investment opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 12:47