SOCAR increased income from oil and gas sales in 2018


June 4, Fineko/abc.az. Revenues of the State Oil Company of Azerbaijan (SOCAR) from the sale of crude oil in 2018 increased by 3.3% (versus 2017) up to AZN 58.46 bn.

"In addition, Company's income from the sale of petroleum products in 2018 amounted to AZN 40.093 bn (a rise of 61.6%) and from the sale of petrochemical products AZN 3.894 million (rise: 0.3%)," SOCAR reported.

SOCAR's income from gas sales grew by 19.5% up to AZN 3.19 bn and other revenues totaled AZN 5.309 million (rise of 18.1%) for the past year.

Company’s total income amounted to AZN 111.198 bn in 2018.