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Source: Socar Energy

Headline: Financial report 2019

SOCAR has released its consolidated financial statements for 2019. In the reporting year, the company’s total turnover (revenue) amounted to AZN 83.8 billion. Trading oil and oil products from third parties represents a significant part of SOCAR’s turnover. Although the total turnover of crude oil and oil products traded from third parties decreased, the efficiency and profit margin of trading operations were higher in 2019. During the reporting period, 92.7 % of the company’s total revenue was recorded in foreign markets, of which AZN 63.7 billion fell to the share of trade turnover through SOCAR Trading and SOCAR Energy Holding operated in Switzerland.

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