Azerbaijan’s SOCAR reduces payments to state budget
Baku, Azerbaijan, Aug. 10
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR transferred 788.85 million Azerbaijani manats (1.604 AZN/USD on Aug. 10) to the state budget in January-July 2016, as compared to 874.26 million manats in the same period of 2015, SOCAR said in a message Aug. 10.
In total, SOCAR transferred 1.48 billion manats to the state budget in 2015 versus 1.86 billion manats in 2014.
The company also transferred 81.61 million manats to the State Social Protection Fund (SSPF) of Azerbaijan in January-July 2016, as compared to 80.96 million manats in the same period of 2015.
SOCAR transferred 139.29 million manats to the SSPF in 2015 versus 141.24 million manats in 2014.
SOCAR is the sole producer of oil products in Azerbaijan.
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