Financing paid to SOCAR management for 6 months published

15:24 - 4.12.2023

December 4, Fineko/ Over the first 6 months ended June 30, 2023, a total of 850,000 manats were paid to the general management of the Azerbaijan State Oil Company (SOCAR).

ABC.AZ reports that for Jan-Jun 2022, the volume of this indicator amounted to 860,000 manats.

The leadership includes the president, the first vice president and nine vice presidents of SOCAR. All members of the group's management are appointed by the President of the Republic of Azerbaijan. Management members are entitled to receive salaries and bonuses in accordance with the approved salary schedule, as well as payments depending on whether they are members of the Board of Directors in certain SOCAR companies.


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