Azerbaijan's State Oil Company (SOCAR) generated 86.309 billion manats ($50.77 billion) in sales revenue in 2025, with 50.582 billion manats ($29.75 billion), or 58.6%, coming from Switzerland. According to the company's consolidated financial statements, revenue generated in Switzerland fell 6.1% from 2024, when the figure stood at 53.868 billion manats ($31.69 billion). During the reporting period, SOCAR generated 16.510 billion manats ($9.71 billion) in sales revenue in Türkiye.
That was 71.1% higher than the 2024 figure. Revenue from Türkiye totaled 9.650 billion manats ($5.68 billion) in 2024. SOCAR's sales revenue in Azerbaijan also increased significantly.
According to the company's financial statements, sales revenue in Azerbaijan reached 13.682 billion manats ($8.05 billion) in 2025, a 66.7% increase from the previous year. The figure was 8.206 billion manats ($4.83 billion) in 2024. By contrast, sales revenue in the United Arab Emirates fell sharply.
Revenue from the country totaled 1.014 billion manats ($596.5 million) in 2025, about 8.7 times lower than in 2024, when it stood at 8.323 billion manats ($4.90 billion). SOCAR's sales revenue in Georgia totaled 1.664 billion manats ($978.8 million) in 2025, representing a 6.9% year-over-year increase. Sales revenue from Georgia was 1.556 billion manats ($915.3 million) in 2024.
Sales revenue from other countries also increased. In the reporting year, revenue in this category totaled 2.857 billion manats ($1.68 billion), up 10.5% from the previous year. The figure was 2.586 billion manats ($1.52 billion) in 2024.
Thus, Switzerland accounted for the largest share of SOCAR's consolidated sales revenue in 2025, followed by Türkiye. Azerbaijan ranked third as one of the company's main sources of sales revenue. Source: https://www.trend.az/business/energy/4215097.html © 2026 Trend News Agency.
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