The net profit of BTC Co (operator of the Baku-Tbilisi-Ceyhan oil pipeline) in 2016 increased by 3.9% compared to 2015, up to 815 million manats ($ 509.4 million). This is reported in the financial statements of SOCAR for 2016.

"The company's revenues for 2016 amounted to 1 billion 575 million manats (an increase of 22.5%), and the cost of sales was 691 million manats (an increase of 41.8%). The share of SOCAR in the total annual profit of the company in 2016 amounted to 204 million manats (an increase of 4.1%)," the document says.

Turan, 10.07.17