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SOCAR Publicizes Amount of Capital Investing in 2006

Oil&Gas Materials 11 July 2007 20:13 (UTC +04:00)

Azerbaijan, Baku /corr. Trend S.Aliyev / In 2006 the capital investments in the State Oil Company of Azerbaijan (SOCAR) amounted to AZN 285mln (the forecasts were implemented at 77.4%), against AZN 187.3mln in 2005, mentioned in the SOCAR 2006 report.

Of them, AZN 78mln (92.8% from the forecasts) compared to AZN 67.2mln in 2005 fell on the share of drilling works, AZN 127.7mln (58.9%) compared to AZN 68.2mln in 2005 - construction works, AZN 77.5mln (118.3%) compared to AZN 49.7mln in 2005 - and equipment, AZN 1.7mln (97.8%) compared to AZN 2.2mln in 2005 - geological exploration.

SOCAR's capital investments in 2006 (AZN, thous.)
2006 2005 Difference
Capital investments, in total 284966,5 187291,7 97674,8
Including:
Drilling 77987,7 67226,2 10761,5
- exploration 2188,7 2562,8 -374,1
- exploitation 75799 64663,4 11135,6
Geological exploration 1754,4 2233,6 -479,2
Construction 127689,4 68163,9 59525,5
Equipment 77535 49668 27867
Capital investments on industrial construction 27867,5 19548,2 8319,3
Including:
- housing construction 7971,2 7768,8 202,4
- communal construction 1857,7 4916 -3058,3
- public education 1199,7 1931 -731,3
- medical construction 16838,9 4932,4 11906,5
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