$220m of revenue tax submitted by AIOC and 10 ACG contractors

Business Materials 28 April 2006 20:34 (UTC +04:00)

$220m came as the first revenue payments to the state budget from Azeri-Chiraq- Guneshli (ACG) contractors, the government told Trend.

140m AZM of this amount came from AIOC and BP; 80m AZM ($88, 5m) for 2005 and 60m AZM ($66, 4m) for 2006.

The last year` s forecasts were made with the consideration of $25 per barrel, this year` s for $40 per barrel. Government expects more oil profits as the oil prices grow in the world.