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SOCAR transfers nearly 397M manats to Azerbaijan state budget

Oil&Gas Materials 7 April 2017 20:14 (UTC +04:00)

Baku, Azerbaijan, Apr. 7

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR transferred 396.64 million manats to the state budget in January-March 2017 as compared to 325.13 million manats in the same period of 2016, SOCAR said in a message Apr. 7.

In 2016, the company transferred 1.395 billion manats to the state budget as compared to 1.48 billion manats in 2015.

Meanwhile, SOCAR transferred 36.27 million manats to the State Social Protection Fund in 1Q17 as compared to 31.9 million manats in the same period of 2016.

In 2016, the company transferred 144.42 million manats to the State Social Protection Fund as compared to 139.29 million manats in 2015.

(1.7031 AZN = 1 USD on Apr. 7)

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