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SOCAR increases budget transfers more than 11%

12 May 2017 10:39 (UTC +04:00)

State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 133,659,000 to the state budget in April 2017, up AZN 13,814,000 or 11.5% from previous year.

SOCAR totally transferred AZN 530,302,000 to the state budget in January-April 2017, up AZN 85,327,000 or 19.2% in comparison to a year earlier.

Moreover, SOCAR transferred AZN 13,247,000 to the State Social Protection Fund in April 2017, up AZN 109,000 or 0.8% by contrast to a year ago.

SOCAR totally transferred AZN 49,515,000 to the State Social Protection Fund in January-April 2017, up AZN 4,407,000 or 9.8% compared to the previous year.