BAKU, Azerbaijan, Aug.31
By Leman Zeynalova - Trend:
Supply costs of Azerbaijan’s state oil company SOCAR stood at 661 million manat ($389.057 million), including 297 million manat ($233.669 million) for buying raw materials and 264 million manat ($155.373 million) for services in 2020, Trend reports with reference to the company.
A total of 467 million manat ($274.855 million) of the abovementioned amount went to local suppliers.
The table below shows the share of local suppliers in SOCAR’s supply costs in percent:
|
Year |
SOCAR Azerbaijan |
SOCAR Turkey |
SOCAR Georgia |
SOCAR Ukraine |
SOCAR Switzerland |
|
2018 |
78 |
94 |
65 |
5 |
95 |
|
2019 |
89 |
90 |
67 |
45 |
95 |
|
2020 |
71 |
91 |
95 |
45 |
95 |
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.
SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.
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