In 2015 SOCAR Trading SA (daughter company of SOCAR) sold 46 million tons of crude oil at the world markets, which is equal to the index of year 2014.
In 2015 out of total volume of oil sold by SOCAR Trading 23 million tons was Azerbaijani oil and another 23 million tons is oil of the third parties, said a source from the company.
SOCAR reported that in 2015 sales of Azerbaijani oil dropped by 8% against 2014 and sales of oil of the third parties increased by 9.5%.
Between 2008 and 2015 SOCAR Trading sold 279 million tons of crude oil at the world markets, of which 181 million tons was Azerbaijani oil and 98 million tons was oil of the third parties.
The company has started sale of the oil of the third parties in 2009.
SOCAR Trading SA has started its work in December 2007. The company is involved in sale of oil and gas at the international markets.
Currently the company has offices in Geneva, Singapore, Calgary, Dubai, London and Houston.—0—
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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