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SOCAR Increases Transfers to State Budget

Oil&Gas Materials 15 November 2007 15:58 (UTC +04:00)

Azerbaijan, Baku / Trend / In 2007 the State Oil Company of Azerbaijan (SOCAR) transferred AZN 879,195, an incerase of AZN 255,323 from the same period of last year, a source stated in SOCAR.

This year AZN 64 260 was transferred to the State Social Protection Fund. This is an increase of AZN 21 600 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): 

thous., AZN

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
October 60 487 79 191 18 704
Total 623 872 879 195 255 323
Transfers to State Social Protection Fund
January to August 42 660 64 260 21 600
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