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12.01.2015 10:24

SOCAR sets new record

Payments in the amount of $ 2.3 bn.

Azerbaijan State Oil Company (SOCAR) fulfilled all the forecasts for 2014 for oil and gas, production of petroleum products, as well as to comply with the company's export commitments.

Oxu.Az reports that the statement came from the main office of SOCAR at the meeting on the results of 2014 and the upcoming challenges in 2015.

According to SOCAR the total assets as of July 1, 2014 increased by 5 times compared to the same period in 2005 and reached AZN 24 bn 442 m.

In 2014, SOCAR for the first time in its history, has set a record of payments to the state budget - AZN 1 bn 825 m ($ 2.3 bn), excluding income tax.

News.Az, 05.01.15

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