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SOCAR’s contributions to state budget decrease

Economy Materials 11 April 2016 12:19 (UTC +04:00)
Azerbaijan’s state oil company SOCAR contributed to the state budget 325.13 million Azerbaijan manats (AZN) in Jan.–March 2016 compared to 340.44 million manats in Jan.-March 2015

Baku, Azerbaijan, Apr. 11

By Maksim Tsurkov - Trend:

Azerbaijan's state oil company SOCAR contributed to the state budget 325.13 million Azerbaijan manats (AZN) in Jan.-March 2016 compared to 340.44 million manats in Jan.-March 2015, said the company Apr. 11.

The official exchange rate is 1.5269 manats/$1 as of Apr. 11.

SOCAR contributed to the state budget 1.48 billion manats in 2015 compared to 1.86 billion manats in 2014.

SOCAR contributed to Azerbaijan's State Social Protection Fund (SSPF) 31.97 million manats in Jan.-March 2016 versus 34.69 million manats in Jan.-March 2015.

SOCAR contributed to SSPF 139.29 million manats in 2015 versus 141.24 million manats in 2014.

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Follow the author on Twitter: @MaksimTsurkov

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