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SOCAR Increases Amount to Public Budget

Oil&Gas Materials 11 June 2007 19:48 (UTC +04:00)

Azerbaijan, Baku / Trend / The State Oil Company of Azerbaijan Republic (SOCAR) assigned AZN 62,032,000 to the State public budget in May 2007, which is AZN 12,985,000 more that in 2006, a source at SOCAR reported on 11 June.

AZN 6,037,000 was assigned to the State Fund on Social Security in May, AZN 1,664,000 more than in 2006.

AZN 734,701,000 was, assigned to the public budget in 2006, AZN 189,697,000 more than in 2005.

And AZN 51,861,000 was assigned to the State Fund on Social Security in 2006, AZN 21,587,000 more than in 2005.

Budget Assignments by State Oil Company of Azerbaijan Republic 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
May 49,047 62,032 12,985
Total 280,308 320,580 40,272
Assignments to State Fund on Social Security
January-April 18,631 28,504 9,873
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