SOCAR ups budget transfers
Azerbaijan's state energy company SOCAR transferred about 1.05 billion manat to the state budget in January-August 2013 or about 136 million manat (14.9 percent) more compared to the same period of 2012.
The company reported that it transferred to the state budget over 1.4 billion manat in 2012, that is by 90 million manat, or 6.7 percent, more compared to 2011.
SOCAR transferred 106.09 million manat to State Social Protection Fund (SSPF), that is by 1.1 percent more compared to January-August last year.
In total, SOCAR transferred 157.5 million manat to State Social Protection Fund (SSPF) that is by almost 23 million manat in 2012 or 17.1 percent, more compared to 2011.
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.
The company owns gas stations in Azerbaijan, Switzerland, Georgia and Ukraine. It has representative offices in Georgia, Turkey, Romania, Austria, Switzerland, Kazakhstan, Great Britain, Iran, Germany and Ukraine and trading companies in Switzerland, Singapore, Vietnam, Nigeria, and other countries.
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