In January and February 2016 SOCAR has transferred 215,882,000 AZN to the state budget ($132.4 million at the current rate), SOCAR told Turan.
In January and February 2015 SOCAR’s transfers to the state budget of Azerbaijan totaled 226,729,000 AZN ($251.9 million at the average rate then).
In February 2016 SOCAR transferred 98.2 million AZN to the state budget (108,227,000 AZN in February 2015).
In February 2016 SOCAR transferred 10,922,000 AZN to the State Social Security Fund (11,534,000 AZN a year ago). In January and February 2016 SOCAR’s transfers to the Social Security Fund totaled 21.05 million AZN (23,465,000 AZN during the same period last year).—0—
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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