Bank Of Baku

Shamsaddin Hajiyev: “Oil price will rise in 2015”

Shamsaddin Hajiyev: “Oil price will rise in 2015”
# 05 November 2014 15:54 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Oil price in the state budget for 2015 is $90 a barrel. This is not a problem issue on the background of decline of oil price, said the Chairman of Parliamentary Committee for Science and Education Shamsaddin Hajiyev at the discussion of draft state budget for 2015.

 

He noted that from the first half of 2015, economic growth will be observed in many countries of the world: “Economic growth will increase demand for oil. Consequently, the oil price will rise”.  

 

“Even, if the price falls $10-15, no problem will be observed in revenues and expenditures. Because, reserve sources are sufficient.  State budget for 2015 will be a new period for development of the state and we will reach new goals”, Hajiyev said.

 

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