17:45 - 14.01.2025
January 14, Fineko/abc.az. In 2025, as part of Production Sharing Agreements, it is projected that 1.95 bn manats will be transferred to the State Budget as profit tax from oil and gas companies developing the Shah Deniz and Azeri-Chirag-Guneshli fields.
ABC.AZ reports that it is expected that in 2025, the shareholders of the ACG project will pay 450 million manats as profit tax to the State Budget of Azerbaijan, in which the average oil price is set at $70.
It is predicted that companies participating in Shah Deniz field development project will pay 1.5 bn manats in profit tax to the State Budget. This forecast is made taking into account the fact that the average price of 1,000 cu m of natural gas is set at $242.
By the end of 2024, the total profit tax on Shah Deniz projects (1.93 bn manats) and ACG (650 million manats) amounted to 2.58 bn manats.
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