During 2014 total incomes of State Oil Company of Azerbaijan (SOCAR) reached 39,674,000,000 AZN, up 3.2% against 2013, reads SOCAR’s consolidated financial report for 2014, which has been released recently.
According to the report, SOCAR’s incomes decreased only in Turkey (decline by 26 million AZN). Last year SOCAR’s incomes in the neighboring Georgia increased by 45 million AZN against 2013.
Table of SOCAR’s incomes (million AZN):
| 2014 | 2013 | |
| Azerbaijan | 4 681 | 4 330 |
| Switzerland | 31 007 | 30 687 |
| Turkey | 2 196 | 2 222 |
| UAE | 691 | 246 |
| Georgia | 680 | 635 |
| Other countries | 419 | 313 |
| Total consolidated incomes | 39 674 | 38 433 |
Incomes of SOCAR in Switzerland exceeded 31 billion AZN. The company received income from the activities of SOCAR Trading company, which in addition to sale of Azerbaijani oil and oil products, sells the similar products of the third countries throughout the world.
In addition to that, SOCAR Trading provides services of sale of liquefied gas. The portfolio of sales of SOCAR Trading has more volume of third countries, than raw material and products of Azerbaijan. However, profit from the trading operations is not high.
