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SOCAR significantly increases dedications to Azerbaijani state budget

Oil&Gas Materials 9 June 2010 14:46 (UTC +04:00)

Azerbaijan, Baku, May 12 / Trend /

In January-May SOCAR transferred 425.28 million manat to the state budget, which is 37.6 percent (116.311 million manat) more than the same period of the last year, the company said.

In May, the figure was about 89 million manat.

In January-May SOCAR transferred 49.62 million manat to the Azerbaijani State Fund of Social Protection or 18 percent more than in January-May last year, the report said.

In May, 10,2 million manat was transferred to the social fund, which is 12.7 percent over the same period last year.

On June 9, the official exchange rate is 0.8038 manat to $1.

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