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SOCAR increases transfers to public budget

Oil&Gas Materials 14 July 2011 15:41

Azerbaijan, Baku, July 14 /Trend/

In January-June, SOCAR (State Oil Company of Azerbaijan) transferred about 547.95 million manat to the state budget or 34 million manat more than the same period of the last year, the company reported.

In June, 99.67 million manat was transferred to the state budget or 12.4 percent more than last year.

According to the report, in January-June, SOCAR transferred to the State Social Protection Fund over 65.4 million manat, which is 4.2 million manat (6.8 percent) more than the same period of the last year.

In June, 12.25 million manat was transferred to the State Social Protection Fund, which is 615,000 more than June 2010.

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