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SOCAR Increases its Remittance to Public Budget by AZN 27mln in April

Oil&Gas Materials 8 May 2007 11:45 (UTC +04:00)

Azerbaijan, Baku / corr Trend / In April the State Oil Company of Azerbaijan (SOCAR) remitted AZN 69,621,000 to the public budget, which is AZN 9,475,000 more than last year.

In April remittances to the State Fund for Social Protection of Population made up AZN 5,906,000, an increase of AZN 1,575 from last year.

In 2006, SOCAR transferred AZN 734,701 to the public budget. This is an increase of AZN 189,697 from the same period of last year. In 2006 AZN 51,861 was transferred to the State Fund for Social Protection of Population, an increase of AZN 21,587 from last year.

Below is the summary table of budget transfers from SOCAR (in AZN thousand):

Months 2006 2007 Difference
Fact Fact Fact(2006-2007)
January 39 559 51 160 11 601
February 63 935 60 846 -3 089
March 67 621 76 972 9 351
April 60 146 69 621 9 475
Total 231 261 258 599 27 338
Transfers to State Social Protection Fund
January-April 14 258 22 556 8 298
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