Fitch expects SOCAR to spend $2.35 billion annually on capital projects through 2030

Azernews.Az

15 September 2026 12:06 (UTC+04:00)

Akbar Novruz

Azerbaijan’s State Oil Company (SOCAR) is expected to allocate an average of approximately $2.35 billion (₼4 billion) annually in capital expenditures between 2026 and 2030, according to Fitch Ratings.

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