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Oil and gas sector makes 30% of Azerbaijan's economy
Energy
- 27 May, 2024
- 09:52
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The share of the oil and gas sector in Azerbaijan's revenues currently stands at 30%, Finance Minister Samir Sharifov said during a discussion of amendments to the law "On 2024 state budget execution" at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.
"Oil and gas production is declining, and as a result, we predict that in the medium term the share of the oil and gas sector in the economy will shrink to 22-25%," the minister said.
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Azərbaycan iqtisadiyyatında neft-qaz sektorunun payı açıqlanıb
Названа доля нефтегазового сектора в экономике Азербайджана
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