In 2005 the direct price of the commodity gas made up 72.9m AZN per 1000 cu m at the SOCAR. The direct cost of gas was 23.23 AZN per 1,000 cu m, Trend reports citing annual report of the State Oil Company of Azerbaijan for 2005. Production expenses for 1000 cu m of gas increased 2.27 AZN (10.8%).in 2005 as compared to 2004.
10.7% of total expenses fell on wages, 2.4% - social needs, 33.1% - amortization, 17.6% financial, 12% - royalties, 1.3% - rents, 22.9% - other expenses.
The report noted that increase of the direct price was a result of rise of salaries and financial expenses (in particular, increase of the prices of energy resources). SOCAR said that wages for gas production rose by 2,600 AZN (27.4%) and material expenses for gas 1,417 AZN (12.5%).
The comparative table of the direct price of the SOCARs gas in 2005:
|
Expenses |
2004 |
2005 |
Difference, % |
|
Expenses for materials |
14930 |
16347 |
9,5 |
|
Including subsidiary materials |
7534 |
7424 |
-1,5 |
|
Fuel |
4671 |
5780 |
23,7 |
|
Energy |
2725 |
3143 |
15,3 |
|
Wages |
7360 |
9960 |
35,3 |
|
Remittances for social security |
1990 |
2178 |
9,4 |
|
Amortization remittances |
28817 |
30675 |
6,4 |
|
Other expenses |
30191 |
33520 |
11,0 |
|
Royalties |
8290 |
11125 |
34,2 |
|
Rents |
1370 |
1152 |
-15,9 |
|
Other expenses |
20531 |
21243 |
3,5 |
|
Total production expenses |
83288 |
92680 |
11,3 |
|
Expenses not included in gross product |
33 |
0 |
- |
|
Direct price of gross production |
83255 |
92680 |
11,3 |
|
Internal circulation expenses |
10071 |
13517 |
34,4 |
|
Full direct price of commodity product |
73184 |
79163 |
8,2 |
|
Direct price of 1000 u m of gas in AZN |
20,96 |
23,23 |
10,8 |
|
Total production |
3880937 |
3823959 |
-1,5 |
|
Commodity production |
3491680 |
3408243 |
-2,4 |