BAKU, Azerbaijan, August 14. 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.
