SOCAR's sales revenues in UAE up by over 55%

In 2024, the main operational (sales) revenues of the State Oil Company of Azerbaijan (SOCAR) in Switzerland amounted to 53.87 billion manats ($31.69 billion), 8.1% less compared to 2023, Report informs, citing the company's financial statement.

In addition, during the specified period, SOCAR's sales revenues in Türkiye rose by 10.3% to 9.7 billion manats ($5.7 billion), sales revenues in the United Arab Emirates (UAE) increased by 55.4% to 8.82 billion manats ($5.18 billion), sales revenues in Azerbaijan decreased by 1% to 8.15 billion manats ($4.79 billion), sales revenues in Georgia slightly decreased to 1.56 billion manats ($917.65 billion), and sales revenues in other countries increased by 13% to 2.59 billion manats ($1.52 billion).

Last year, SOCAR generated 84.69 billion manats ($49.82 billion) in revenue from sales, which is 0.6% less compared to the previous year.