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SOCAR ends 2015 without profit

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SOCAR ends 2015 without profit

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”.

Date
2016.04.27 / 17:05
Author
Axar.az
See also

Oil prices continue to climb

SOFAZ keeps gold holdings unchanged

Oil prices continue to rise

Oil prices rise on global markets

Oil prices fall on global markets

Oil prices climb on global markets

Oil prices rise on global markets

Global oil prices rise slightly

Global oil prices decline

Oil prices continue to rise

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