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SOCAR Announced Budget Transfers in 2007

Oil&Gas Materials 20 October 2007 12:10 (UTC +04:00)

Azerbaijan, Baku / corr Trend / In 2007, the State Oil Company of Azerbaijan (SOCAR) transferred approximately AZN 800,000 to the state budget. This is an increase by AZN 236.6mln from the same period of the last year, Trend reports with reference to SOCAR.

In 2007, AZN 56.45mln was transferred to the State Fund for Social Protection of Population, an increase by AZN 19.2mln from the last year. 

In 2006 SOCAR transferred AZN 734.7mln to the state budget. This is a decrease by AZN 189.7mln compared to the last year. 

Summary table of the budget transfers of SOCAR (in AZN thousand): 

Months 2006 2007 Difference
Fact Fact Fact(2006-2007)
January 39 559 51 160 11 601
February 63 935 60 846 -3 089
March 67621 76972 9351
April 60 146 69 621 9 475
May 49 047 62 032 12 985
June 72 744 163 189 90 445
July 60 540 110 240 49 700
August 73 457 95 161 21 704
September 76 336 110 707 34 371
Total 563 385 799 998 236 613
Transfers to State Social Protection Fund
January to September 37 258 56 456 19 198
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