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SOCAR’s payments for August 2014

SOCAR paid AZN 149 million 138 thousand to the State Budget for August of the current year that is AZN 18 million 858 thousand (114,5 %) more than the payments for the same period of 2013.
For January-August 2014, SOCAR transferred AZN 1 billion 266 million 741 thousand to the State Budget that is AZN 216 million 827 thousand (120,7 %) more than the payments for the same period of 2013.

Besides, the Company’s payment to the State Social Protection Fund amounted AZN 12 million 405 thousand in August. For January-August 2014, the Company paid AZN 95 million 903 thousand to the State Social Protection Fund.

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2.2 million tons of oil delivered from Ceyhan Port to world market in August 2014

2 million 214 thousand 981 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in August 2014 (1 million 976 thousand 809 tons of this volume was the oil of the State Oil Fund of Azerbaijan Republic).
During January-August of 2014, the volume of the exported oil from Ceyhan Port to the world market totaled 19 million 34 thousand 448 tons.

In general, 252 million 178 thousand 362 tons of Azerbaijani oil has been exported from Ceyhan Port to the world market since the start of BTC exploitation until September 1, 2014.

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2.4 million tons of Azerbaijani oil transported via BTC in August 2014

2 million 475 thousand 365 tons of Azerbaijani oil was transported via BTC main export pipeline in August 2014.
19 million 570 thousand 007 tons of oil were pumped via this pipeline in January-August 2014. In general, 254 million 886 thousand 511 tons of oil have been pumped to BTC since the start of pipeline exploitation until September 1, 2014.

In addition, overall 486 thousand 320 tons of Turkmen and Kazakh oil were pumped via BTC in August 2014.

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Drilling works for August 2014

SOCAR (excluding Joint Ventures and Operating Companies) conducted 8252 metres of drilling works (all making development drilling) in August 2014.
In general, during January-August 2014, SOCAR (excluding Joint Ventures and Operating Companies) carried out 89375 metres drilling works including 87747 meters development drilling and 1628 metres-exploration drilling.

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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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