SOCAR’s revenues from the sale of crude oil in 2020 decreased by 1.9 times compared to 2019 – to 26 billion 419 million manats.
According to the consolidated financial statements of SOCAR for 2020, the company’s revenues from the sale of oil products last year amounted to 13 billion 378 million manats (a decline of 39.7%), gas – 4 billion 15 million manats (a decline of 2.6%). petrochemical products – 3 billion 281 million manats (decline by 16.5%).
The company’s rental income in 2020 amounted to 469 million manats (an increase of 12.7%), other income – 2 billion 45 million manats (an increase of 3.3%).
The company’s total revenues last year amounted to 49 billion 607 million manats (a decline of 40.8%). The decline in revenues is associated with a decrease in production under the OPEC + deal and a drop in oil prices on world markets in 2020.
Caspian Barrel
