Gubad Ibadoghlu: Oil output will decline in Azerbaijan from 2011
Gubad Ibadoghlu, Coordinator of the Coalition, said the Contract of the Century was a landmark in the history of Azerbaijan and helped increase Azerbaijan’s economic opportunities and foreign exchange reserves.
He added that oil output will start to decline after 2010.
According to him, Azerbaijan will produce 420 million barrels of oil in 2009, 450 million in 2010, 410 million in 2011, 250 million in 2015 and 110 million in 2020.
He said that 60% of the state budget incomes came from oil sector in 2007.
He underlined the economy’s dependence on oil sector.
Industry and Energy
Azerbaijan sends another shipment of electrical equipment to Ukraine as humanitarian aid - PHOTO
Kobakhidze: Georgia to import electricity from Azerbaijan without intermediary company
Oil prices rise on global markets
Azerbaijani oil trades at $120
NEWS FEED
Excursion organized for Ukrainian children to Gabala, Shamakhi and Sheki
Azerbaijan reaffirms readiness to actively contribute to strengthening C6
Georgian leader accuses European Parliament of spreading lies
Paşinyan: Ermənistan Rusiya ilə dəmir yolları üzrə sazişi ləğv edə bilər
Death toll from Russian missile strike on Ukraine’s Pryluky rises to 16 - UPDATED
Pashinyan: Azerbaijani serviceman who crossed border will remain in Armenia for some time
UN Human Rights Council adopts Azerbaijan-backed resolution on landmines
Technical Regulation on Toy Safety approved
Kobakhidze: Georgia is a thousand steps ahead of Ukraine and Moldova
Azerbaijani did not resist arrest; he was not a saboteur: Papikyan addresses Shaki incident
Jeyhun Bayramov addresses meeting of CIS Council of Foreign Ministers - PHOTO
Chairman of Estonian Parliament’s Foreign Affairs Committee: We see great potential for cooperation with Azerbaijan - INTERVIEW
AnewZ: Investigation into former German intelligence chief August Hanning has no connection to Azerbaijan
Azerbaijan and Armenia advised to conduct excavations based on former Yugoslav countries’ model
Azerbaijan Railways boosts freight transportation by 11%
Four killed, one rescued alive in road accident in Baku - PHOTO - VIDEO - UPDATED
WHO comments on possible pneumonia threat in Irkutsk
ICMP Director General: System must be changed to investigate cases involving hundreds of thousands of missing persons
Date for applying upper limits on additional payments to employees of budget-funded organizations has changed
Erdoğan discusses navigation security in Black Sea with Putin
Number of Azerbaijanis studying in Hungary announced
President Ilham Aliyev makes phone call to Russian President
Ambassador: Around 400 Azerbaijani students currently study in Lithuania
EU implements 29 projects in Azerbaijan’s education sector - PHOTO
Official Moscow comments on France’s strategic ballistic missile test
Kremlin: India has presented proposals for peaceful settlement of war in Ukraine
Peskov: Putin-Trump phone call has not yet been agreed
Russia informs WHO about epidemiological situation in Irkutsk region
School protests in France: International organizations remain silent on human rights violations - COMMENTARY
PM Pashinyan discusses Armenia-Russia relations with Putin
UN representative: Continued efforts on missing persons are important
Nobel Prize laureates in Chemistry announced
Serbian Foreign Ministry: Relations with Azerbaijan are at a high level
Azerbaijan lodges protest with Germany over Der Spiegel report
Serbian Foreign Ministry: More than 9,500 people in our region are still registered as missing
Mayor of Türkiye's secular stronghold Izmir joins Erdogan's party
OIC representative: Families of missing persons’ right to information should not depend on political negotiations
President addresses participants of IV International Conference within Baku Dialogue on missing persons - UPDATED
Minister: Tens of thousands of people went missing during the war in Bosnia and Herzegovina
Hunting season to begin in Azerbaijan this week
Slovakia-Azerbaijan Tourism and SPA Sector Forum held in Baku
Ukrainian ambassador thanks Azerbaijan
Azerbaijani journalists’ congress postponed by one day
ICRC: Results on missing persons can be achieved even decades later
Papuashvili: If Georgia had listened to Brussels, it would have become a state only on paper
Azerbaijan sends another shipment of electrical equipment to Ukraine as humanitarian aid - PHOTO
Georgia PM highlights importance of restored Tbilisi-Baku passenger trains
Son of member of “Grandmothers” folklore club killed in Russia-Ukraine war
Masahiko Metoki: Azerbaijan among few countries to secure representation on both UPU councils
Kobakhidze: Georgia to import electricity from Azerbaijan without intermediary company