The State Oil Company of Azerbaijan (SOCAR) has increased its authorized capital by 11.4% to 1 billion 802 million manats. This is reported in the financial statements of SOCAR for 2016.

"As of January 1, 2016, the authorized capital of the company was 1 billion 617 million manats. In 2016, the company sent 185 million manats to increase the authorized capital," the company's report says. 

Turan, 10.07.17