SOFAZ reduces forecast for oil prices

SOFAZ reduces forecast for oil prices
# 06 September 2013 10:17 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Forecast of State Oil Fund of Azerbaijan (SOFAZ) on oil price for next year is $90 per barrel.

Executive Director Shahmar Movsumov says during forecasting its budget and oil price as a part of this process, the Fund took to some extent, a more conservative position.

Oil price forecast for 2013 was equal to $100.

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