• $
  • £

Rovnag Abdullayev: SOCAR’s revenues and budget payments have been steadily increasing

Rovnag Abdullayev: SOCAR’s revenues and budget payments have been steadily increasing
29.05.2020 08:01
"Despite the price fluctuations we witness in the market, there has been a progressive rise in SOCAR’s revenues and budget payments,” said SOCAR President Rovnag Abdullayev as he commented on the improved profitability of the company.

"Following the instructions of President Ilham Aliyev, SOCAR has implemented many important reforms over the past 10 years to transform the company into a modern integrated global energy one and enhance its overall operational efficiency. The company has also started to diversify the services it delivers and types of commodity it produces throughout the chain of values,” Abdullayev mentioned.

"As a result of timely undertaken measures, SOCAR's revenues and budget payments have been enjoying steady growth despite the fluctuations in the market. Today, SOCAR - the global brand of Azerbaijan, receives the largest portion of its revenues from foreign operations and re-invests these revenues for the good of the people of Azerbaijan by increasing its payments to the state budget annually," he added.
 




www.anews.az
Similar news
Similar news
ABB eSIM Service Launched!
Business 17:15
ABB eSIM Service Launched!
Kapital Bank Hosts “Smart Money Talks” Session for School Students
Business 17:05
Kapital Bank Hosts “Smart Money Talks” Session for School Students

Subscription to ABB Bank Bonds Successfully Completed!
Business 17:03
Subscription to ABB Bank Bonds Successfully Completed!
Gold prices have increased
Business 17:00
Gold prices have increased
Azerbaijan posts $487.7 mln trade surplus in January 2026
Business 16:30
Azerbaijan posts $487.7 mln trade surplus in January 2026

Brent crude price exceeds $116
Business 15:00
Brent crude price exceeds $116
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026
Business 14:00
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026

Stay supported this holiday with Yelo Bank’s special schedule
Business 13:40
Stay supported this holiday with Yelo Bank’s special schedule

Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Business 13:11
Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Anews TV

Our official Youtube channel

Subscribe