BAKU, Azerbaijan, December 4. Total capital of Azerbaijan’s state oil company SOCAR stood at 33.629 billion manat as of June 30, 2023, compared to 33.335 billion manat as of December 31, 2022, reads the report released by EY, Trend reports.
As such, the company’s capital rose by 0.9 percent. SOCAR’s total assets amounted to 70.351 billion manat as of June 30, 2023, versus 80.835 billion manat on December 31, 2022, showing almost 13 percent decrease. Total non-current assets dropped from 47.404 billion manat from 46.941 billion manat, while current assets amounted to 23.410 billion manat versus 33.431 billion manat.
SOCAR operates in diverse sectors, encompassing oil and gas field exploration, oil, gas, and gas condensate extraction, processing, and transportation, alongside the distribution of oil and petrochemical products in both domestic and international markets. Furthermore, the company plays a crucial role in supplying natural gas to both industrial enterprises and the general population of Azerbaijan, as well as extending its services to Europe.
Beyond Azerbaijan, SOCAR is actively involved in numerous international ventures, spanning countries such as Türkiye, Georgia, Romania, Switzerland, Germany, and Ukraine. Additionally, the company engages in significant trading operations primarily based in Switzerland, Singapore, and Nigeria.
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