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SOCAR revenues near AZN 84B
Energy
- 30 June, 2020
- 08:59
According to the company's consolidated financial statements, total turnover (revenues) of the State Oil Company of Azerbaijan (SOCAR) amounted to AZN 83.8 billion in 2019.
The major part of these revenues came from third parties' trade operations on oil and oil products.
In the reporting period, 92.7% of total incomes were recorded in the foreign market. AZN 63.7 billion fell to the share of trade turnover of SOCAR Trading and SOCAR Energy Holding in Switzerland.
The company continued to increase the incomes in the fields of production and transportation. The growth in these fields was 88.6% in Turkey, 4.3% in Georgia.
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