SOCAR increases payments to Azerbaijani state budget in 2011

Oil&Gas Materials 16 January 2012 15:28 (UTC +04:00)

Azerbaijan, Baku, Jan. 16 / Trend E. Ismayilov /

SOCAR increased payments to the state budget by 5.7 percent in 2011 compared to 2010, a statement said on Monday.

According to the information, SOCAR transferred about 1.34 billion manat to the state budget or about 72.35 million manat more compared to 2010.

SOCAR transferred 124.35 million manat to the state budget in December last year.

In 2011, SOCAR transferred about 134.51 million manat to the State Social Protection Fund.

In December, the figure was about 11.7 million manat.
The official exchange rate is 0,7864 AZN/USD.