Industry and Energy

Home page

Industry and Energy

SOCAR gets decline in budget transfers

16 November 2016 10:38 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred nearly AZN 125,345,000 to the state budget in October 2016, down AZN 10,686,000 or 7.85% from the last year.

SOCAR transferred over AZN 1,150,172,000 to the state budget in January-October 2016, down AZN 121,104,000 or 9.53% compared to the previous year.

Moreover, SOCAR transferred AZN 12,207,000 to the State Social Protection Fund in October 2016, up AZN 1,013,000 or 9.04% from 2015.

SOCAR transferred over AZN 119,370,000 to the State Social Protection Fund in January-October 2016, up AZN 3,953,000 or 3.42% compared to the previous year.