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SOCAR Announced Budget Transfers in 2006

Oil&Gas Materials 16 January 2007 18:29 (UTC +04:00)

In 2006, the State Oil Company of Azerbaijan (SOCAR) transferred AZN 734,701 to the state budget. This is an increase by AZN 189,697 from the same period of the last year, Trend reports with reference to SOCAR.

In December of the last year, SOCAR transferred AZN 68,936 to the state budget. This is a decrease by AZN 16,753 in comparison with the last year.

In 2006, AZN 51,861 was transferred to the State Fund for Social Protection of Population, an increase by AZN 21,587 from the last year.

Summary table of the budget transfers of SOCAR (in AZN thousand):

Months

2005

2006

Difference

Fact

Fact

Fact

(2006-2005)

January

26823

39559

12736

February

29447

63935

34488

March

56903

67621

10718

April

27762

60041

32279

May

37738

48417

10679

June

73 166

50 435

22731

July

38 436

60 524

22 088

August

39 684

73 335

33 651

September

74 026

76 290

2 264

October

52 552

60 260

7 708

November

59 015

41 899

-17 116

December

52 183

68 936

16 753

Total

545 004

734 701

189 697

Transfers to State Social Protection Fund

January-December

30 274

51 861

21 587

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