SOCAR raises income tax payments by 4 times

Economic Department
Author

In 2021, the State Oil Company (SOCAR) paid 1,162 billion manats ($683.940 million) in income tax, which is 3.9 times more than in 2020, Report informs, citing the financial report of the company.

SOCAR ended the last year with a profit of 2.115 billion manats ($1.244 billion) (the previous year, it had a loss of 1.734 billion manats ($ 1.020 billion)).

Other News

Credit investments in Azerbaijan's economy rise by over 9% 31 January, 2026 / 17:25
Net domestic assets of Azerbaijani banks grow by 21% YoY 31 January, 2026 / 16:20
Bank deposits of Azerbaijani population rise by over 14% 31 January, 2026 / 15:41
Azerbaijani manat's circulation velocity down 31 January, 2026 / 15:27
Azerbaijan sees over 7% growth in broad money supply 31 January, 2026 / 13:20
Key indicators of world commodity, stock, and currency markets (31.01.2026) 31 January, 2026 / 10:31
Azerbaijan's Central Bank, UnionPay sign MoU 30 January, 2026 / 18:41
Azerbaijan to issue stamps for Year of Urban Planning and Architecture 30 January, 2026 / 16:58
ING: Growing external buffers support Azerbaijan's exchange rate stability 30 January, 2026 / 16:40
Euro weakens against US dollar 30 January, 2026 / 15:31
USD rises against other currencies in anticipation of Fed chairman appointment 30 January, 2026 / 11:40
Gold falls over 2% 30 January, 2026 / 11:01
CBA currency exchange rates (30.01.2026) 30 January, 2026 / 10:44
Key indicators of world commodity, stock, and currency markets (30.01.2026) 30 January, 2026 / 09:53
Volume of Indian direct investments in Azerbaijan's economy grows 29 January, 2026 / 20:45
Investments of Persian Gulf countries in Azerbaijan exceed $600M 29 January, 2026 / 20:11
FT says Azerbaijan's gold-buying strategy ranks among most successful for sovereign investors 29 January, 2026 / 14:36
Global gold production reached its highest level on record in 2025 29 January, 2026 / 14:21
Azerbaijan to enable direct bond purchases from issuers 29 January, 2026 / 14:14
Shares Lukoil rise up to 3.5% amid deal with Carlyle 29 January, 2026 / 14:05