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Minister: Azerbaijan's oil and gas budget revenues to decrease by 750M AZN in 2025
Finance
- 19 November, 2024
- 13:31
In 2025, Azerbaijan's state budget revenues from oil and gas sector are expected to be approximately 750 million manats ($441.18 million) less compared to 2024, Finance Minister Samir Sharifov said at a joint meeting of parliamentary committees on legal policy and state building, defense, security and anti-corruption, human rights, and regional issues, Report informs.
"One of the reasons for this is the reduction of Azerbaijani oil price in the state budget from $75 to $70 per barrel, and another reason is the depletion of our oil field reserves," the minister noted.
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