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

Oil&Gas Materials 10 September 2007 18:31 (UTC +04:00)

Azerbaijan, Baku / corr Trend / In August the State Oil Company of Azerbaijan (SOCAR) remitted AZN 95,161,000 to the Public Budget, which is AZN 21,704,000 more than last year.

In April remittances to the State Fund for Social Protection of Population made up AZN 7,285,000, an increase of AZN 1,690 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 67621 76972 9351
April 60 146 69 621 9 475
May 49 047 62 032 12 985
June 72 744 163 189 90 445
July 60 540 110 240 49 700
August 73 457 95 161 21 704
Total 487 049 689 290 202 241
Transfers to State Social Protection Fund
January to August 32 588 49 188 16 600
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