From January to March 2016 State Oil Company of Azerbaijan (SOCAR) paid 325,130,000 AZN to the state budget, reported SOCAR’s press office.
In quarter 1, 2016 SOCAR’s payments to the state budget of Azerbaijan totaled 340,443,000 AZN. Thus, during three months this year SOCAR’s payments to the state budget dropped by 15,313,000 AZN or by 4.5%.
In March 2016 SOCAR transferred 109,248,000 AZN to the state budget of Azerbaijan. In March 2015 this index totaled 113,714,000 AZN.
In March 2016 SOCAR transferred 10,920,000 AZN to the State Social Security Fund. From January to March 2016 SOCAR’s payments to the State Social Security Fund totaled 31,970,000 AZN.