Baku 25° C
SOCAR increases budget transfers
Energy
- 31 July, 2019
- 08:02
The State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 741,326,000 to the state budget in the first half of 2019, up 2.7% or AZN 19.705 million over 2018, Report informs citing SOCAR.
Today, SOCAR invests in all stages on value chain in the global energy projects and optimizes its revenues through vertical integration strategy. As a result, the company got 94% of its revenues in 2018 from foreign markets, while this figure was 34% in 2009.
Author
Latest News
23:52
EU drops ban on transport of Russian LNG in latest sanctions package
Other countries23:38
Gurbanov: Qarabag will aim for better result in return leg against CSKA Sofia
Football23:24
Mine explosion injures one in Azerbaijan's Jabrayil
Incident23:06
US announces over $200M in humanitarian assistance to ICRC and IFRC
Other countries22:41
Turkish MFA condemns storming of Al-Aqsa Mosque by Israelis
Region22:18
Azerbaijan raises investment in Eurasian transport network
Infrastructure22:00
Photo
Qarabag held to goalless draw by CSKA Sofia
Football21:58
Paide beat Zira 1-0 in Conference League qualifier
Football21:35