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SOCAR Increases Budget Transfers

Oil&Gas Materials 4 April 2008 19:41 (UTC +04:00)

Azerbaijan, Baku, 4 April / Trend / In the first quarter, the State Oil Company of Azerbaijan (SOCAR) transferred AZN 254mln to the Public budget against AZN 190mln in the same period of 2007, the Company reported.

In March, the SOCAR transferred AZN 82mln to the Public budget against AZN 77mln in March 2007. .

Some AZN 23.6mln was transferred to the State Social Protection Fund of Azerbaijan in the first quarter against AZN 16.6mln in the same period of 2007.

Summary table of SOCAR budget transfers:

Months 2007 2008 Difference
Fact inThous. AZN Fact inThous. AZN Fact inThous. AZN (2007-2008)
January 51381 92712 41331
February 60846 79786 18940
March 76751 82049 5298
Total 188978 254547 65569
Transfers to State Social Protection Fund
January - March 16650 23627 6977
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