Transparency initiative annual report

Table 28: SOCAR payments for charity, social and sponsorship purposes in 20145 ¹⁰⁰

Description	Amount (thsd manats)
Sport events	7,694.8
Financial association and trade nions	528.8
Education	622.8
Culture and art	736.7
State-run enterprises and bodies	1,050.0
Material assistance to individual persons	1,468.0
Disabled veterans and othersr	65.1
Total	12,166.2

6.2. Quasi-fiscal expenditures

Starting from 2007, the wholesale and retail domestic prices for oil and gas products are subject to the state regulation and this regulation is a responsibility of Tariff (Price) Council of Azerbaijan Republic. The prices determined for oil, gas and oil products by the Council were lower than the market prices. The new wholesale and retail price for oil products within the domestic market is regulated with the New Tarif (Price) Council Decision No.14, dated 23 November 2015. The new decision is a result of ammendments applied to the he Tariff (Price) Council Decision No.2, dated 14 January 2015. The prices determined for oil, gas and oil products by the Council were lower than the market prices. This means that in 2014 compared with the world market prices SOCAR has offered lower prices to dometic consumers for oil, gas and oil products. Since 2007 in accordance with the law of the sate budget during the export of products produced in the country with the state regulated price the difference between the contractual (sale) price (excluding export expenses) and the wholesale price across the country is subject to collections by the State (in the form of the export tax):

As a result of price change in 2015 SOCAR transfered AZN 158.4 million to the state budget.