SOCARs net profit increased by nearly six fold in 2017

In 2017 SOCAR increased revenues by 78% to AZN 92.6 billion.

According to SOCAR’s audited financial statements, the net profit increased by nearly sixfold to AZN 2.09 billion. Assets ascended 16% to AZN 61.3 billion. 

Good financial performances are caused by:

SOCAR tripled volume of oil and oil products purchased and sold from the third parties and consequently, the trade turnover doubled;

Got more revenues from petrochemical products;

Crude oil price is 25-30% higher than the previous one;

SOCAR increased its share in Azerbaijan International Operations Company

14.06.2018 14:25 / Hits: 88 / Print
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