SOCAR revenues increase by 2.605 billion manats

The revenues of the State Oil Company of Azerbaijan (SOCAR) for 2011 amounted to 8.132 billion manats ($10.3 billion), 1news.az reports, quoting the annual reports of SOCAR.

When compared with the revenues from 2010, the company's earnings increased by 2.605 billion manats ($3.4 billion). The net profits of SOCAR amounted to about 809.6 million manats ($1.052 billion), compared to 655.74 million manats ($852.5 million) in 2010.