23 March 2018

SOCAR ends 2015 without profit

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SOCAR did not get profit in 2015ç SOCAR Vice-President Suleyman Gasimov said on April 27.

He noted that this was caused by several reasons: “Sharp decline in oil price, manat devaluation led SOCAR to end 2015 with over AZN 1 bln loss. However, as a result of conversion of foreign currency assets into manat, we got about AZN 1 bln. So, SOCAR’s profit in 2015 was equal to zero”.

2016.04.27 / 17:05
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