SOCAR reduces payments to Azerbaijan’s state budget
Baku, Azerbaijan, Sept. 15
By Maksim Tsurkov - Trend:
Azerbaijan's State Oil Company (SOCAR) transferred 998.76 million manat to the country's state budget in January-August 2015, which is 267.98 million manat (21.16 percent) less than in the same period of 2014, SOCAR said Sept. 14.
In 2014, SOCAR transferred 1.86 billion manat to the state budget or almost 290 million manat (17.8 percent) more than in 2013.
SOCAR transferred 92.43 million manat to Azerbaijan's State Social Protection Fund in January-August 2015, which is 3.62 percent less than in January-August 2014.
SOCAR transferred 141.24 million manat in 2014 to the fund compared to 162.91 million manat 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.
The official exchange rate is 1.0475 AZN/USD Sept. 15.
Edited by CN
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