SOCAR paid more than $1 billion in taxes last year

In 2024, the revenues of the state budget of Azerbaijan in the oil and gas sector amounted to 17,969,6 million manats.This was reported by the Ministry of Finance. According to the data, this is down by 1% from 2023. It should be noted that 4,780,5 million manats of oil and gas revenues were tax revenues, 408 million manats - other revenues, 12,781 million manats - transfers to the budget from the State Oil Fund (SOFAZ). In the structure...

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