Azerbaijan discloses profits from oil export in 2016 (UPDATE)
Details added (first version posted on 15:56)
Baku, Azerbaijan, Dec. 8
By Maksim Tsurkov - Trend:
In 2016, 127.38 million barrels of oil, accounting for Azerbaijan and the country’s state oil company SOCAR in the amount of $5.53 billion, were sold in the world markets, Azerbaijan Extractive Industries Transparency Initiative Final Report-2016, audited by Moore Stephens company, said.
The biggest buyers of oil of Azerbaijan and SOCAR in 2016 were Exxon (14.55 million barrels worth $631.78 million), TOTSA (10.46 million barrels worth $421.1 million), ENI (7.38 million barrels worth $305.76 million), Petrofac (5.86 million barrels worth $246.57 million), Glencore (5.29 million barrels worth $239.13 million) and BP (3.89 million barrels worth $181.18 million).
The Extractive Industries Transparency Commission was established in accordance with the decree of Azerbaijani President Ilham Aliyev in April 2017.