OREANDA-NEWS. January 12, 2010. In December 2009 the Company paid US 678.028 million to the government, including transfers of US 663.133 million to State Budget and US 14.895 million to the SSPF. In November payments totaled US 151.048 million, including transfers of US 139.378 million to State Budget and US 11.669 million to the SSPF.

SOCAR informs that in December it transferred AZN 532.56 million to the State Budget versus AZN 111.85 million in November, AZN 112.885 million in October, AZN 116.965 million in September, AZN 97.464 million in August, AZN 99.143 million in July, AZN 86.052 million in June, 86.172 million in May, AZN 89.914 million in March 2009.

The December transfer to the SSPF made AZN 11.96 million versus AZN 9.365 million in November, AZN 8.241 million in October, 15.289 million in September, AZN 8.209 million in August, AZN 8.572 million in July, AZN 10.784 million in June, AZN 9.031 million and AZN 8.24 million. In 2009, the Company transferred AZN 1.468 bn to State Budget and AZN 115.16 million to the SSPF.

“In December 2009 payments to State Budget exceeded the December 2008 transfers by AZN 219.478 million (170%) and payments for entire 2009 turned out by AZN 117.104 million (108.7%) more versus the 2008 transfers,” SOCAR informed.

The payments to the SSPF for 2009 topped the 2008 transfers by AZN 6.976 million (106.4%).

Thus, last December alone SOCAR paid to the government AZN 544.524 million versus AZN 121.216 million in November, AZN 121.126 million in October, 132.254 million in September, AZN 105.673 million in August, AZN 107.143 million in July, AZN 98.836 million in June, AZN 95.203 million in May and AZN 98.154 million in March, and the 2009 overall payments totaled AZN 1.58 bn.

By 30th December, exchange rate was AZN 0.8031 to the US dollar.