Azerbaijani budget revenues from oil and gas sector down 17%

Azerbaijan's state budget revenues from the oil and gas sector amounted to 8,946.1 million manats ($5.3 billion), which is 30.5% less than the forecast and 17.2% less than for the same period last year.

Report informs citing the Ministry of Finance that the share of the oil and gas sector in budget revenues for the reporting period amounted to 40.5%. The reduction is due to a decline of 2,992 million manats ($1.8 billion) in receipts from the State Oil Fund.