Azerbaijan's SOCAR Sees H2 2016 Net Profit At $298 MM

Reuters

BAKU, Jan 17 (Reuters) - Azeri state oil company SOCAR expects net profit of around 550 million manat ($298 million) for the second half of 2016, company Vice President for Economic Issues Suleyman Gasimov said on Tuesday.

SOCAR will receive a loan of $500 million from the finance ministry this year, Gasimov said.

(Reporting by Nailia Bagirova; Writing by Jack Stubbs; Editing by Alexander Winning)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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