The consortium's revenues tripled year-on-year in 2020, reaching $682 million, while the cost of sales increased by 31% (reaching $133 million).
The company made other revenues worth $1.4 million and its interest income was $353,000.
Furthermore, the consortium's total and administrative expenses in 2020:
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amounted to $192 million (growth by 2.6 times)
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financial expenditures - $197 million (6.5% growth).
- the net loss from the exchange rate difference in 2020 amounted to $550,000 (growth in 2.6 times)
In the structure of long-term assets, the cost of the pipeline is:
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$ 6.3 billion (growth by 52.3%)
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unfinished construction - $142 million (decline by 17 times)
The capital of the consortium by late 2020 was $2.9 billion (5.7% increase).
It should be noted that Azerbaijan exported 5 billion m3 of gas to Turkey via the Trans-Anatolian gas pipeline in 2020.
According to the forecasts of Azerbaijan´s SOCAR, the activity of the TANAP gas pipeline in Turkey covers 12 % of Turkey's gas needs.
Author: Vugar Khalilov