Azerbaijan’s Central Bank reveals forecast for oil, gas prices for 2024-2025

Elvin Jamalov
Author

The Central Bank of Azerbaijan (CBA) predicts the average price of one barrel of oil at the level of $85.7 in 2024, Taleh Kazimov, chairman of the CBA, said at a press conference, Report informs.

Meanwhile in 2025, the average price of one barrel of oil is expected to be $83.5, he said.

"Also, gas prices are set at $281 per 1,000 cubic meters for this year, and $299 for next year," Kazimov added.

Other News

SOFAZ private equity investments rise 16.1% 19 October, 2026 / 21:39
SOFAZ real estate fund investments rise 7.2% 19 October, 2026 / 21:03
Gold's share in SOFAZ assets climbs to 37.9% 19 October, 2026 / 20:48
SOFAZ cuts bond investments by 17.1% 19 October, 2026 / 20:35
SOFAZ increases deposit in Japanese bank sevenfold 19 October, 2026 / 18:04
SOFAZ's net profit increased 3.4-fold in 2025 19 October, 2026 / 17:58
Since its inception, SOFAZ received over $217B in revenue 19 October, 2026 / 17:29
Central banks of Azerbaijan, Slovakia agree to strengthen institutional co-op 19 October, 2026 / 17:20
CBA, WB mull trends in financial sector development 19 October, 2026 / 16:35
WB ready to increase funding for environmental rehabilitation, infrastructure modernization in Baku 19 October, 2026 / 10:29
CBA currency exchange rates (19.10.2026) 19 October, 2026 / 09:23
Azerbaijan mulls co-op with IMF, ADB in Bangkok 17 October, 2026 / 13:55
CBA chairman links pace of economic diversification to 2027–2030 reforms 16 October, 2026 / 18:41
Taleh Kazimov: Rising oil and gas prices increase Azerbaijan's current account surplus 16 October, 2026 / 18:34
Azerbaijan's central bank forecasts inflation at 6.1% in 2026 and 5.8% in 2027 16 October, 2026 / 18:24
Baku expected to host Global Conference on State-Owned Enterprises in 2027 16 October, 2026 / 17:54
CBA, Swiss National Bank mull macroeconomic stability initiatives 16 October, 2026 / 15:10
Finance Ministry: Changes in oil prices may affect Azerbaijan's State Oil Fund assets by up to $1.8B 16 October, 2026 / 12:13
Azerbaijan Central Bank discusses cooperation with ADCB and UBS Asset Management 16 October, 2026 / 12:01
IsDB, WB to expand co-financing of development projects in member countries 16 October, 2026 / 10:33