Azerbaijani State Oil Company Plans to Transfer AZN 1bln to Public Budget
Azerbaijan, Baku / corr. Trend A. Badalova / The State Oil Company of Azerbaijan (SOCAR) is planning to transfer AZN 1.15bln to the public budget in taxes, Suleyman Gasimov, SOCAR Vice President on economic issues, said on 5 October.
SOCAR produces nearly 9mln t of oil and 4-5bln cu m of gas a year.
According to Gasimov, as of result of the first nine months of 2007, SOCAR is behind the tax remmitance target by AZN 21-22 mln.
"We will fulfill the forecast set by the Finance Ministry," he said.