Assets of the insurance company Khalg Sigorta increased by 2,127,299 manat or 4% in 2016 compared to 2015, making 54,139,202 manat.
During the reporting period, the company's capital increased by 5,333.527 manat or 13.5% and is 44,758,665 manat.
The liabilities of Khalg Sigorta in 2016 decreased by 3,206,229 manat or 25.5% and amounted to 9,380,536 manat.
In 2016, the company's revenues amounted to 18,256,763 manat, and the expenses were 11,584,233 manat. The company completed last year with a profit of 5,333,527 manat. ---71D
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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