Azerbaijan discloses profits from oil export in 2016
By Trend
In 2016, 127.38 million barrels of oil, accounting for Azerbaijan and the country’s state oil company SOCAR in the amount of $5.53 billion, were sold in the world markets, Azerbaijan Extractive Industries Transparency Initiative Final Report-2016, audited by Moore Stephens company, said.
The biggest buyers of oil of Azerbaijan and SOCAR in 2016 were Exxon (14.55 million barrels worth $631.78 million), TOTSA (10.46 million barrels worth $421.1 million), ENI (7.38 million barrels worth $305.76 million), Petrofac (5.86 million barrels worth $246.57 million), Glencore (5.29 million barrels worth $239.13 million) and BP (3.89 million barrels worth $181.18 million).
The Extractive Industries Transparency Commission was established in accordance with the decree of Azerbaijani President Ilham Aliyev in April 2017.
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