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Financials and Investment News in Azerbaijan

SOCAR Boosts Budget Payment for 2018 by More Than 6%
1/29/2019 - SOCAR contributed AZN 1.65 billion to the State Budget for 2018. Compared with the previous yearís figures, the company's budget payments grew by AZN 93.2 million, a rise of 6.2%. In addition, SOCARís...
EU Grants Financial Assistance to TANAP
8/1/2018 - The EU Member States agreed on European Commission proposal to invest Ä48.4 million in several key European energy infrastructure projects using funds coming from CEF Energy (Connecting Europe Facilit...
SOCAR Increases 2017 Budget Payments by 8.3%
1/19/2018 - SOCAR paid AZN 1.5 billion to the State Budget for 2017. Compared with the previous yearís figures, the companyís budget payments increased by AZN 115.6 million or 8.3%. In addition, SOCARís payment t...
SOCARís Budget Payments for October 2017
11/10/2017 - SOCAR paid AZN 136 million 952 thousand to the State Budget for October of the current year (AZN 11 million 607 thousand or 9,3% more than the same period of 2016). In general, for January-October 201...
SOCARís Budget Payments for September 2017
10/17/2017 - SOCAR paid AZN 117 million 330 thousand to the State Budget for September of the current year. In general, for January-September 2017, SOCAR transferred AZN 1 billion 165 million 678 thousand (AZN 140...
Crude Oil Prices in September 2017
10/2/2017 - In September 2017, price for Brent crude oil in the world market was $56,05 per barrel, Urals oil - $54,17, and BTC FOB Ceyhan crude oil - $57,05.
SOCAR Says Returned To Profit Last Year
7/7/2017 - Azeri state energy company SOCAR made a net profit of 350 million manats ($206 million) last year, which compared with a net loss of 1.584 billion manats in 2015, the company said on Friday. ...
SOCARís Budget Payments for May 2017
6/9/2017 - SOCAR paid AZN 139 million 586 thousand to the State Budget for May of the current year that is AZN 21 million 780 thousand (118,5%) more than the same period of 2016. In general, for January-May 2017...
Crude Oil Prices in April 2017
5/1/2017 - In April 2017, price for Brent crude oil in the world market was $52,54 per barrel, Urals oil - $51,75 and BTC FOB Ceyhan crude oil - $53,83.
SOCARís Budget Payments for March 2017
4/7/2017 - SOCAR paid AZN 133 million 985 thousand to the State Budget for March of the current year that is AZN 24 million 737 thousand (122,6%) more than the same period of 2016. In general, for January-March ...
SOCARís Budget Payments for February 2017
3/9/2017 - SOCAR paid AZN 134 million 471 thousand to the State Budget for February of the current year that is AZN 36 million 271 thousand (136,9%) more than the same period of 2016. In general, for January-Feb...
SOCARís Budget Payments for December 2016
1/11/2017 - SOCAR paid AZN 129 million 56 thousand to the State Budget in December 2016 which is AZN 53 million 736 thousand (171,3%) more than the same period of 2015. For January-December 2016, SOCAR transferre...
SOCARís Budget Payments for November 2016
12/7/2016 - SOCAR paid AZN 116 million 193 thousand to the State Budget for November of the current year. For January-November 2016, SOCAR transferred AZN 1 billion 266 million 365 thousand to the State Budget. ...
SOCAR Budgetary Transfers for October 2016
11/16/2016 - SOCAR transferred AZN 125,345,000 to the state budget in October 2016. In general, overall budgetary transfers of the company totaled AZN 1,150,172,000 in January-October 2016. Moreover, SOCAR transfe...
SOCAR Vice President Attends GGFR Meeting in London
7/5/2016 - SOCAR Vice President for Ecology Rafiga Huseynzade attended a meeting held by the World Bankís Global Gas Flaring Reduction Partnership (GGFR) managing committee at the EBRD office in London, June 29-...
IMF & World Bank Discussing Possible Aid to Oil Exporter Azerbaijan
1/27/2016 - The International Monetary Fund and World Bank are discussing possible financing assistance for Azerbaijan to help it cope with mounting currency pressures and other fallout from a steep drop in oil p...
TAP Holds Bank Presentation
12/18/2015 - The representatives of over 20 leading project finance banks attended an introductory meeting organised by the Trans Adriatic Pipeline AG (TAP) in London. TAP is planning to raise limited recourse fin...
Azeri SOCAR to Reduce Spending in 2016 Due to Low Oil Prices
12/15/2015 - Azeri state energy company SOCAR plans to cut spending next year due to lower oil prices and introduce changes in the way its overseas offices operate, it said. ...
SOCAR Cuts Cost of Trans Anatolian Pipeline by 25%
11/10/2015 - Azeri state energy firm SOCAR reduced cost of the Trans Anatolian Pipeline (TANAP), which will carry Azeri gas to European markets, by almost a quarter to around $8.3 billion. ...
Crude Oil Prices in World Market for September 2015
10/1/2015 - In September 2015, price for Brent crude oil in the world market was $47,61 per barrel, Urals oil - $47,19 and BTC FOB Ceyhan crude oil - $49,04.

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