SOCAR announces losses at oil price of $60

Baku, Azerbaijan, Dec.25 Trend: The losses of SOCAR (The State Oil Company of Azerbaijan Republic) can reach about 400 million AZN, if the prices for oil in 2015 remain at the level of $60 per barrel, SOCAR Vice President for Economic Affairs Suleyman Gasimov said Dec.25 at a press conference. Story still developing Follow us on Twitter @TRENDNewsAgency