Azerbaijan discloses profits from oil export in 2016

  08 December 2017    Read: 795
Azerbaijan discloses profits from oil export in 2016
In 2016, 127.38 million barrels of oil, accounting for Azerbaijan and the country’s state oil company SOCAR in the amount of $5.53 billion, were sold in the world markets, Azerbaijan Extractive Industries Transparency Initiative Final Report-2016, audited by Moore Stephens company, said.
The biggest buyers of oil of Azerbaijan and SOCAR in 2016 were Exxon (14.55 million barrels worth $631.78 million), TOTSA (10.46 million barrels worth $421.1 million), ENI (7.38 million barrels worth $305.76 million), Petrofac (5.86 million barrels worth $246.57 million), Glencore (5.29 million barrels worth $239.13 million) and BP (3.89 million barrels worth $181.18 million).

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