SOCAR assets for early 2012 reach nearly $22bn

SOCAR assets for early 2012 reach nearly $22bn

As of early 2012, the assets of the State Oil Company of Azerbaijan made AZN 17bn ($21,795,000,000).

The statement came from SOCAR vice president for economic issues Suleyman Gasimov speaking at the international Oil and Gas conference. He said compared to 2008 the short-term assets of the company rose by 81% and overall assets by 36%. SOCAR’s net profit made AZN 879,000,000.

 

 

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