SOCAR"s revenue from Türkiye operations rises by 71%

Of the 86.309 billion manat ($50.8 billion) in sales revenue earned by the State Oil Company of Azerbaijan, SOCAR, in 2025, 50.582 billion manat ($29.8 billion), or 58.6%, accounted for Switzerland, Report informs, citing the company's financial statements.

This is 6.1% less than in 2024.

Last year, SOCAR's main operating revenue in Türkiye amounted to 16.510 billion manat ($9.7 billion), up 71.1% from the previous year.

During the reporting period, SOCAR's revenue from sales in Azerbaijan increased by 66.7% to 13.682 billion manat ($8 billion).

In 2025, revenue from sales in the United Arab Emirates decreased 8.7 times to 1.014 billion manat ($596.5 million), while revenue from sales in Georgia rose by 6.9% to 1.664 billion manat ($978.8 million).

Revenue from sales in other countries increased by 10.5% to 2.857 billion manat ($1.7 billion).