SOCAR plans to use the funds raised from the placement of bonds to finance obligations under various projects.

The country's revenues from gas exports rose by 56 percent year-on-year to $2.95 billion.

Gross domestic product (GDP) grew 4.8 percent in January-September this year from a year earlier mainly backed by the growth in the non-oil sector.

Anglo Asian produces gold at Gedabek and other mines in Azerbaijan in a joint venture with the state in which the London-listed company holds a 51-percent stake.

In 2021, up to 8 bcm of gas will be exported to the European markets from the project's second stage, while around 9 bcm will be delivered to Turkey from both stages.