Bank Of Baku

SOCAR gets rise in liabilities

SOCAR gets rise in liabilities
# 30 July 2012 10:59 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Oil Company of Azerbaijan’s total liabilities rose 2.6% to AZN 7.711 bln at the end of 2011, said the Ernst&Young’s judgment on SOCAR’s financial statement on 2011.

According to Statement, current liabilities of the company dropped 1.3% to AZN 4,092 bln, long-term liabilities soared 7.3% to AZN 3.371 bln.

Note that, SOCAR’s total liabilities and capital surged 6.3% to AZN 16.960 bln in 2011.
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