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SOCAR transfers more to Azerbaijani public budget

Oil&Gas Materials 7 October 2009 10:59 (UTC +04:00)

Azerbaijan, Baku, Oct. 7 / Trend /

The Sate Oil Company of the Azerbaijan Republic (SOCAR) transferred about 711.7 million manat to the Azerbaijani public budget in January-September, SOCAR said.

The index was 117 million manat in September, which is higher by 18.7 million manat than the index in August.

The company transferred 85.6 million manat to the Azerbaijani State Social Protection Fund in January-September. But roughly 15.3 million was transferred to the Azerbaijani State Social Protection Fund in September, which is higher by 7 million than the index in the same period of 2008, SOCAR said.

On Oct. 7, the official exchange rate is 0.8033 manat to $1.

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