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BTC transported 2.2 mln tons of Azerbaijani oil in October

2 mln 268 thousand 672 tons of Azerbaijani oil were transported via BTC main export pipeline in October 2017.
22 mln 595 thousand 463 tons of oil were transported via this pipeline in January-October. In general, 344 mln 133 thousand 525 tons of oil have been pumped to BTC since the start of pipeline exploitation until November 1, 2017.

In addition, overall 545 thousand 988 tons of Turkmen oil were pumped via BTC in October 2017.

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Above 1.9 mln tons of Azerbaijani oil delivered from Ceyhan Port to world market in October 2017

1 mln 895 thousand 356 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in October 2017.
(1 mln 201 thousand 814 tons of this volume were the oil of the State Oil Fund of the Republic of Azerbaijan). 21 mln 036 thousand 310 tons of oil were exported from Ceyhan in January-October this year. In general, 340 mln 870 thousand 909 tons of Azerbaijani oil have been exported from Ceyhan Port to the world market since the start of BTC exploitation until November 1, 2017.

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SOCAR top executives attend Abu Dhabi CEO Roundtable

Rovnag Abdullayev: “Our joining the world’s leading companies here today indicates that SOCAR has become an international high-profile company.”
The world’s leading energy chief executives attended the CEO Roundtable in Abu Dhabi on November 12, 2017 hosted by Abu Dhabi National Oil Company to discuss the global issues such as the new energy landscape and supply and demand dynamics.

Among the top executives of the world’s 26 leading oil and gas companies, SOCAR’s delegation led by the Company’s President Rovnag Abdullayev joined the roundtable, which focused on topical issues such as impact of modern technologies, new energy resources in the world. They assessed the effect of these processes on the global energy markets and supply and demand dynamics and exchanged opinions on deeper realisation of global challenges.

After the roundtable, SOCAR President held bilateral and extensive meetings with the top executives of BP, Total, Statoil, Petronas, Saudi Aramco to discuss the issues of current cooperation and search for new opportunities for its further expansion.

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SOCAR’s budget payments for October 2017

SOCAR paid AZN 136 million 952 thousand to the State Budget for October of the current year (AZN 11 million 607 thousand or 9,3% more than the same period of 2016).
In general, for January-October 2017, SOCAR transferred AZN 1 billion 302 million 630 thousand (AZN 152 million 440 thousand or 13,3% more than the same period of 2016) to the State Budget.

Besides, the Company’s payment to the State Social Protection Fund amounted AZN 13 million 070 thousand in October, which is AZN 863 thousand or 7,1% more than the same period of 2016. As a whole, the January-October payments to State Social Protection Fund totalled AZN 125 million 496 thousand (AZN 6 million 126 thousand or 5,1% more than the same period of 2016).

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The State Oil Company of Azerbaijan… at a glance

Discover SOCAR

The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate.

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International ratings

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed.

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