SOCAR's foreign operations revenues in 1H24 disclosed

The State Oil Company of Azerbaijan (SOCAR) earned 28.509 billion manats ($16.77 billion) from its operations in Switzerland in the first half of 2024, which is 7.5% less year-on-year, Report informs, citing the company.

SOCAR's revenues from operations in Türkiye increased by 18.9% YoY to 4.445 billion manats ($2.61 billion).

SOCAR earned 3.895 billion manats ($2.3 billion) from operations in Azerbaijan (9.3% decrease), 6.173 billion manats ($3.63 billion) from operations in the United Arab Emirates (4.5 times increase), 814 million manats ($478.83 million) from operations in Georgia (9.6% decrease). Revenues from operations in other countries amounted to 1.218 billion manats (15.8% increase).

SOCAR's total revenue in the first half of 2024 was 45.054 billion manats ($26.5 billion), which is 6.8% more compared to the same period in 2023.