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RESULTS OF AUDIT BY EITI FOR 2004 SUMMED UP

Oil&Gas Materials 9 August 2005 17:26 (UTC +04:00)
RESULTS OF AUDIT BY EITI FOR 2004 SUMMED UP

Results of audit on the Extracting Industry Initiative Transparency (EITI) are summed up. The audit has been held by the international audit company Deloitt, the State Oil Fund of Azerbaijan (SOFAR) told Trend.

According to the report, the state share from the foreign companies extraction was 6,7 million barrels of oil and 1050 million cu m of gas in natural terms.

The foreign companies paid $21,6 million on subscribed and other bonuses, transit payment were $12,2 million, acreage payments - $8,8 million, compensations within the contracts - $3,8 million. The total amount of payments was $46,4 million.

The royalty from the state companies - 1961,2 billion manats, profit tax вЂ" 33,7 billion manats, other taxes (taxes from income of physical entities, social, and from payment sources) вЂ" 820,3 billion manats. The total amount of payments is 3115,2 billion manats.

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