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SOCAR's capital expenditures decrease in 2010

Oil&Gas Materials 30 July 2011 15:26

Azerbaijan, Baku, July 30 / Trend /

SOCAR's revenues on Azerbaijan amounted to over 3.48 billion manat in 2010 compared to more than 2.76 billion manat in 2009, SOCAR's 2010 financial report, published on its website, said.

According to the report, SOCAR's revenues within the activity in Turkey amounted to over 1.58 billion manat compared to more than 1.1 billion manat in 2009. SOCAR got revenues to the amount of 459.1 million manat in 2010 compared to 318.5 million manat in 2009 within SOCAR's activity in Georgia.

As of 2010, SOCAR's revenues amounted to about 5.53 billion manat compared to about 4.2 billion manat in 2009.

SOCAR's capital costs hit more than 1.68 billion manat in 2010 within its activity both in Azerbaijan and outside it compared to 2 billion manat in 2009. The largest volume of SOCAR's capital expenditures last year fell to its activity in Azerbaijan and hit more than 1.6 billion manat compared to more than 1.9 billion manat in 2009.

SOCAR's capital expenditure hit about 33.17 million manat within its activity in Georgia, in Turkey - 11.5 million manat, in other countries - 19.54 million manat.

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