SOCAR discloses amount of revenues from activity in foreign countries

By Trend
The revenues of the Azerbaijani state oil company SOCAR reached 111.198 billion manats in 2018, which is 16.7 percent more than in the preceding year (92.6 billion manats), Trend reports referring to the company's consolidated financial report for 2018.
SOCAR’s revenues obtained in Azerbaijan grew from 5.38 billion manats to 6.6 billion manats.
SOCAR’s revenues from the operations in Switzerland increased from 78.63 billion manats to 94.5 billion manats. According to the report, the company's revenues in Turkey increased from 4.925 billion manats to 4.97 billion manats.
In 2018, the company’s revenues reached 2.3 billion manats from the activity in the United Arab Emirates compared to 1.3 billion manats obtained in 2017. SOCAR’s revenues from the operations in Georgia slightly decreased from 1.2 billion manats to 1.1 billion manats. The company’s revenues from the activities in other countries grew from 1.12 billion manats to 1.6 billion manats.
Presently, SOCAR is the only producer of oil products in the country. The company also operates more than 370 filling stations in Switzerland, Georgia, Romania and Ukraine.
(1.7 AZN = 1 USD on June 4)
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!