Bank Of Baku

Azerbaijan builds the 2009 state budget on oil income estimates of $70 a barrel

Azerbaijan builds the 2009 state budget on oil income estimates of $70 a barrel
# 06 November 2008 13:39 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s draft state budget for 2009 has been built on revenue estimates of oil priced at US$70 a barrel, said Shahin Mustafayev, Minister of Economic Development.
He added that oil income was set at $70 per barrel in the consolidated budget for next three years.
“We referred to the oil price predictions by oil exporting nations and the projections in the 2009 state budget,” he added.
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