Bank Of Baku

SOCAR’s consolidated debt exceeds $6B - UPDATED

SOCAR’s consolidated debt exceeds $6B - <span style="color: red;">UPDATED
# 27 April 2016 15:10 (UTC +04:00)

According to him, this includes both domestic and external debts.  

 

16:06

 

Baku. Agshin Rafigoglu - APA-Economics. SOCAR did not get profit in 2015ç SOCAR Vice-President Suleyman Gasimov said on April 27.

 

He noted that this was caused by several reasons: “Sharp decline in oil price, manat devaluation led SOCAR to end 2015 with over AZN 1 bln loss. However, as a result of conversion of foreign currency assets into manat, we got about AZN 1 bln. So, SOCAR’s profit in 2015 was equal to zero”.

 

 

 

 

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