During 2012 SOCAR sold crude oil to the amount of 17,138,832,000 AZN, up 3.74 times against 2011, reads SOCAR’s consolidated financial report audited by Ernst & Young company.
| 2012 | 2011 |
Crude oil | 10 126 222 | 2 716 988 |
Net product of oil refining | 3 318 135 | 2 077 482 |
Products of petrochemistry | 2 029 524 | 2 002 327 |
Natural gas | 1 106 713 | 967 219 |
Other incomes | 558 238 | 368 715 |
Total | 17 138 832 | 8 132 731 |
According to the report, the incomes received from crude oil sales ARE mentioned after deduction of taxes. The payment is calculated the following way: 30% tax is deducted from the difference between the world oil prices and local prices.
However, the oil products were calculated after payment of excises worth 482,043 AZN.
The tax payment was not envisaged about the oil volume within the framework of Azeri-Chirag-Guneshli (ACG) (32.9 million tons in 2012) and condensate within Shah-Deniz (2 million tons).—0—
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review