SOCAR ups payments to state budget by 30 percent

Oil&Gas Materials 14 July 2010 14:28 (UTC +04:00)

Azerbaijan, Baku, July 14 / Trend /

In January-June, SOCAR made contributions to the state budget amounting to about 514 million manat or 29.5 percent (117 million manat) more than the same period of last year, the company said.

In June the rate was about 88,7 million manat.

In January-June SOCAR transferred 61.26 million manat, or 16 percent more than in January-June last year to the Azerbaijani State Social Protection Fund, the report said.

More than 11,6 million manat, which is 7.9 percent more than the same period of last year was transferred to the social fund in June.

On July 14, the official exchange rate is 0.8037 manat to $1.