According to the financial report of SOCAR, which was audited by Ernst & Young company, during this period the company’s incomes totaled 17,138,832,000 AZN. The analysis of the structure of incomes showed that a sharp growth of inflow of oil dollars was achieved at the expense of crude oil sales. In 2011 incomes from oil sales totaled 2.7 billion AZN, while in 2012 it totaled 10.1 billion AZN. The incomes from sale of products of oil refining inc...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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