Bank Of Baku

Forecasts for oil export prices in 2026-2029 announced

Forecasts for oil export prices in 2026-2029 announced
# 16 October 2025 01:06 (UTC +04:00)

In the base scenario, the average annual export price of a barrel of oil is assumed to be 65 US dollars for 2026 and will remain the same for 2027-2029, it is reflected in the "Medium-Term Expenditure Framework for 2026-2029" prepared by the Ministry of Finance, APA-Economics reports.

It was noted that, in addition, from 2029, production is expected to increase due to the full exploitation of the Absheron field, which will also make a positive contribution to the overall development of the sector.

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