Oil Price Set at $45 in State Budget of Azerbaijan

In the draft state budget of Azerbaijan for 2018, the base price for one barrel of oil is indicated at $45.

The draft state budget states that next year in the world market the average price for oil will be about $50 per barrel.

Recall that in 2017 in the state budget of the country the base price for a barrel of oil was indicated at $40, and in the first half of this year the price of Azerbaijani oil was $54. In 2016, in the state budget, the price of oil was indicated at $25, while the average price of Azerbaijani oil was $42.

Caspian Barrel