SOCAR reduces payments to Azerbaijan’s state budget
Baku, Azerbaijan, Dec.11
By Maksim Tsurkov - Trend:
Azerbaijan's State Oil Company (SOCAR) transferred 1.4 billion manats (AZN) to the country's state budget in January-November 2015 versus 1.71 billion manats in the same period of 2014, SOCAR said Dec.11.
The official exchange rate is 1.0495 AZN/USD Dec.11.
In 2014, SOCAR transferred 1.86 billion manats to the state budget versus 1.49 billion manats in 2013.
SOCAR transferred 126.61 million manats to Azerbaijan's State Social Protection Fund in January-November 2015 versus 129.53 million manats in January-November 2014.
SOCAR transferred 141.24 million manats in 2014 to the fund compared to 162.91 million manats in 2013.
SOCAR includes production associations: Azneft (the enterprises producing oil and gas onshore and offshore), Azerkimya (the chemical industry enterprises) and Azerigas (gas distribution).
SOCAR is the sole producer of oil products in Azerbaijan. It has two oil refineries on its balance sheet, and also owns filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.
SOCAR is also a co-owner of the largest Turkish petrochemical complex, Petkim.
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