Azerbaijan forecasts export price of oil in state budget for next year in amount of USD 70

Azerbaijan forecasts export price of oil in state budget for next year in amount of USD 70
# 17 September 2024 20:15 (UTC +04:00)

Average annual export price of a barrel of crude oil for 2025 is forecasted in the amount of USD 70, which makes up revenues of state budget for 2025 are forecasted to be 28.3% of GDP, in other words AZN 36 bln. 616 mln., APA-Economics reports citing Ministry of Finance.

Oil-gas sector makes up 46.6% or AZN 17 bln. 73 mln. of the amount, while non-oil sector 53.4% or AZN 19 bln., 543 mln,.

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