Oil and gas revenues of Azerbaijan increase by nearly 5%

In the first quarter of 2025, Azerbaijan's oil and gas revenues amounted to 4.776 billion manats (~2.82 billion USD), which is 0.1% above the forecast and 4.7% higher compared to the same period last year.

Report informs, citing the Ministry of Finance, that the oil and gas sector's share in the total budget revenues for the reported period was 49.1%.