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About 93% of SOCAR Revenues Generated Outside of Azerbaijan in 2019

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Consolidated revenues of the State Oil Company of Azerbaijan (SOCAR) for the end of 2019 amounted to 83 billion 752 million manat ($49 266 mln).

92.7% of the revenues were generated in foreign markets, and 7.3% – in the domestic market of Azerbaijan.

According to the SOCAR report, from the operations in Turkey, the company’s revenues in 2019 increased 1.88 times, amounting to 9 billion 377 million manat.

SOCAR income table by countries (in million manat):

CountriesIncome in 2019 Income in 2018 
Switzerland 63 73594 503
Turkey9 3774 972
Azerbaijan6 1456 626
UAE1 7222 352
Georgia1 1721 124
Others1 6011 621
Total83 752111 198

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