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Azerbaijan announces amount of transfers from extraction industry


Azerbaijani government announced the amount of total receipts from extraction industry in 2016.

 

APA-Economics reports that the local and foreign companies operating in extraction industry transferred $102.303 million and AZN 880.827 million to the state budget.

 

These companies also delivered 127,375,000 barrels of oil, 2,879,319,316 cubic meters of gas, 7,777 ounces of gold, 1,383 ounces of silver and 198 tonnes of non-ferrous metals to the state.

 

As for structure of the revenues, share of profit oil in here makes up $24.46 million, gas – $64.416 million, signing bonuses and other bonuses - $0.051 million, acreage payment - $2.118 million, transit fee - $11.258 million.

 

The companies transferred AZN 880.827 million to the state budget as a tax. Of this, AZN 418.752 million made up profit tax, AZN 108.693 million mining tax, AZN 68.37 million VAT, AZN 31.116 million land tax, AZN 73.847 million property tax, AZN 75.14 million other taxes.  

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