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Azeri Government presented EITI report for 2005

Oil&Gas Materials 18 August 2006 15:36 (UTC +04:00)

According to the report of the Azerbaijani government, over 2005 within EITI, 14.3 million barrels of oil have been received from foreign companies working in Azerbaijan, as well as within the state share in the development of fields, Trend has been told in the State Oil Fund of Azerbaijan.

Over the reported period, Azerbaijan received 1,919,709 thousand cubic meters of gas from foreign companies. Besides, $1m has been obtained in signed and other bonuses.

According to the Government report, Azerbaijan obtained $8.8 mln per acre payment last year. The Republic has received $16.5 million from transit payments. Due to non-fulfilment of contractual obligations, the foreign companies transferred 229.6 billion old Azeri manats to Azerbaijan.

Last year, Azerbaijan received 249.8 bln old Azeri manats in royalties, income tax 49.6 bln old manats and other taxes 400.3 bln old manats.

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