SOCAR ups contributions to Azerbaijani public budget and social protection fund
Azerbaijan, Baku, May 17 / Trend E.Ismayilov /
The State Oil Company of Azerbaijan (SOCAR) transferred about 443.43 million manat to the public budget in January-April, or 90.4 million manat (25.6 percent) more than the same period of last year, SOCAR said on Thursday.
According to the report, SOCAR transferred about 51.42 million manat to the State Social Protection Fund in January-April or 10 million manat (23.9 percent) more than the same period of last year.
SOCAR includes the Azneft production association (the companies producing oil and gas on and offshore), the Azerkimya industrial association (chemical enterprises) and Azerigaz industrial association (gas distribution).
SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia and the Ukraine. Last year SOCAR purchase network of gas filling stations in Switzerland. SOCAR is co-owner of the largest Turkish petrochemical complex Petkim. The company carries out oil trade in various regions of the world through SOCAR Trading.