SOCAR payments to state budget down
Baku, Azerbaijan, Nov. 16
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR paid 1.15 billion manats (1.7039 AZN/USD on Nov. 16) to the state budget in January-October 2016, as compared to 1.27 billion manats in the same period of 2015, SOCAR said in a message Nov. 16.
SOCAR transferred 1.48 billion manats to the state budget in 2015 as compared to 1.86 billion manats in 2014.
In January-October 2016, the company transferred 119.37 million manats to Azerbaijan’s State Social Protection Fund, as compared to 115.42 million manats in the same period of 2015.
SOCAR transferred 139.29 million manats to the State Social Protection Fund in 2015, as compared to 141.24 million manats in 2014.
SOCAR includes such production associations as Azneft (enterprises producing oil and gas onshore and offshore), Azerkimya (chemical enterprises) and Azerigas (distributor of gas), as well as oil and gas processing plants, service companies and the facilities involved in geophysical and drilling operations.
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