Rovnag Abdullayev: “Base price of oil in 2016 state budget should be $50-55”

Rovnag Abdullayev: “Base price of oil in 2016 state budget should be $50-55”
# 14 September 2015 10:13 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. “The base price of oil in 2016 state budget should be $50-55”, said the SOCAR President Rovnag Abdullayev.

According to him, current price of the oil has negative impact on state budget: “If the price of a product we sell, then the revenue also falls 2-2.5 times. This means that the transfers to the budget will decrease. This is normal. I think The base price of oil in 2016 state budget should be $50-55”.

#
#

THE OPERATION IS BEING PERFORMED