Industry and Energy

Home page

Industry and Energy

SOCAR reduces budget and SSPF transfers

11 November 2015 10:20 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 136,031,000 to the state budget in October 2015, down AZN 15.660 mln or 10.32% by contrast to a year earlier.

Totally, SOCAR transferred AZN 1,271,276,000 to the state budget in January-October 2015, down 293,272,000 or 18.74% from 2014.

Moreover, SOCAR transferred AZN 11.194 mln to the State Social Protection Fund in October 2015, down AZN 175,000 or 1.54% compared to 2014.

Totally, SOCAR transferred AZN 115,417,000 to the State Social Protection Fund (SSPF) in the same period, down 2.94% or AZN 3.499 mln in annual comparison.