SOCAR increases contributions to state budget by nearly 7%
Azerbaijan, Baku, Jan. 15 / Trend. Trend E.Ismayilov /
SOCAR transferred over 1.4 billion manat to the state budget in 2012, or 90 million manat (6.7 percent) more than last year, SOCAR said on Tuesday.
According to the report, SOCAR transferred about 157.5 million manat to the State Social Protection Fund in 2012, or 23 million (17.1 percent) more than last year.
SOCAR includes production association Azneft (companies producing oil and gas on land and sea), Production Association Azerkimya (chemical industry), production association Azerigas (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, Ukraine and Romania. SOCAR possesses a network of petrol stations in Switzerland.
SOCAR is co-owner of the largest Turkish petrochemical complex Petkim.
The official exchange rate on 15 January is 0,7849 AZN / USD