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SOCAR increases budget transfers 118.5%


State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 139,586,000 to the state budget in May 2017, up AZN 21,780,000 or 118.5% from previous year.

 

SOCAR totally transferred AZN 669,888,000 to the state budget in January-May 2017, up AZN 107,107,000 or 119% in comparison to a year earlier.

 

Moreover, SOCAR transferred AZN 12,945,000 to the State Social Protection Fund in May 2017, up AZN 694,000 or 105.7% by contrast to a year ago.

 

SOCAR totally transferred AZN 62,460,000 to the State Social Protection Fund in January-May 2017, up AZN 5,101,000 or 108.9% compared to the previous year.

 

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