Baku, Azerbaijan, July 10
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR transferred 785.61 million manats to the state budget in January-June 2017, which is 18.7 percent more than in the same period of 2016, SOCAR said in a message.
SOCAR transferred 115.72 million manats to the state budget in June 2017, which is 16.9 percent more than in June 2016.
The Azerbaijani state oil company transferred 74.29 million manats to the country’s State Social Protection Fund in January-June 2017, or 6.8 percent more than in the same period of 2016.
SOCAR’s transfers to the Fund in June 2017 were 11.83 million manats, as compared to 12.17 million manats in June 2016.
SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerkimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies, and facilities involved in geophysical and drilling operations.
The official exchange rate on July 10 is 1.7022 AZN/USD.