Rovnag Abdullayev: "Base price of oil in 2016 state budget

24 November 2024

Rovnag Abdullayev: "Base price of oil in 2016 state budget should be $50-55"

18:28 14 September 2015 Read: 934

Rovnag Abdullayev: "Base price of oil in 2016 state budget should be $50-55"

"If the price of a product we sell, then the revenue also falls 2-2.5 times"

“The base price of oil in 2016 state budget should be $50-55”, said the SOCAR President Rovnag Abdullayev.

According to him, current price of the oil has negative impact on state budget: “If the price of a product we sell, then the revenue also falls 2-2.5 times. This means that the transfers to the budget will decrease. This is normal. I think The base price of oil in 2016 state budget should be $50-55”.

More about:

News Line

COP29 achieves full operationalization of Article 6 of Paris Agreement – unlocks international carbon markets

COP29 achieves full operationalization of Article 6 of Paris Agreement – unlocks international carbon markets

Resolution adopted commending Azerbaijan for exemplary COP29 organization

Resolution adopted commending Azerbaijan for exemplary COP29 organization

Hungary has invited Netanyahu to visit, Israeli PM's office confirms

Hungary has invited Netanyahu to visit, Israeli PM's office confirms

COP29 hosts another protest

COP29 hosts another protest

Putin says Russia will keep testing new missile in combat

Putin says Russia will keep testing new missile in combat

Defense minister highlights Azerbaijan Army's strength and dedication, inspired by commander-in-chief

Defense minister highlights Azerbaijan Army's strength and dedication, inspired by commander-in-chief

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Azerbaijani shooting teams shine at int'l tournament in Serbia

Azerbaijani shooting teams shine at int'l tournament in Serbia

Earthquake jolts Azerbaijan's Lachin

Earthquake jolts Azerbaijan's Lachin

Chairman of Caucasus Muslims Office to attend 10th UNAOC Global Forum

Chairman of Caucasus Muslims Office to attend 10th UNAOC Global Forum

Kazakhstan presents plans to achieve carbon neutrality at COP29

Kazakhstan presents plans to achieve carbon neutrality at COP29

WHO: Mpox continues to be international public health emergency

WHO: Mpox continues to be international public health emergency

COP29: New initiatives unveiled at Urban Development Day to boost int’l co-op

COP29: New initiatives unveiled at Urban Development Day to boost int’l co-op

European Club Association meeting to highlight COP29-launched Football Clubs Alliance for Climate

European Club Association meeting to highlight COP29-launched Football Clubs Alliance for Climate

Azerbaijani oil price tops $76

Azerbaijani oil price tops $76

Azerbaijan inks $131.5M loan agreement with ADB to revitalize INSTC

Azerbaijan inks $131.5M loan agreement with ADB to revitalize INSTC

2024-25 UEFA Nations League quarterfinals set

2024-25 UEFA Nations League quarterfinals set

Trump taps Scott Bessent for Treasury, capping long drama over choice

Trump taps Scott Bessent for Treasury, capping long drama over choice

COP29: Baku sees continued arrival of world leaders and top executives - UPDATING

COP29: Baku sees continued arrival of world leaders and top executives - UPDATING

Protocol of intent signed for Baku Dialogue on Water for Climate Action

Protocol of intent signed for Baku Dialogue on Water for Climate Action

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

Final document of Parliamentary Meeting approved as part of COP29

Final document of Parliamentary Meeting approved as part of COP29

Azerbaijan files lawsuit against Armenia at The Hague

Azerbaijan files lawsuit against Armenia at The Hague

COP29 Presidency issues statement on climate finance goals and consultation process

COP29 Presidency issues statement on climate finance goals and consultation process

Azerbaijani Foreign Ministry summons French ambassador

Azerbaijani Foreign Ministry summons French ambassador

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

Azerbaijan marks National Revival Day

Azerbaijan marks National Revival Day

Russia President Putin makes phone call to President Ilham Aliyev

Russia President Putin makes phone call to President Ilham Aliyev

Baku hosts Parliamentary Meeting as part of COP29

Baku hosts Parliamentary Meeting as part of COP29

Negotiations over $300-500 billion climate finance target underway at COP29

Negotiations over $300-500 billion climate finance target underway at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Azerbaijani presidential aide criticizes US parliamentarians for their pro-Armenian position

Azerbaijani presidential aide criticizes US parliamentarians for their pro-Armenian position

Azerbaijan, Armenia will resume discussions on peace treaty text next month: Presidential aide

Azerbaijan, Armenia will resume discussions on peace treaty text next month: Presidential aide

COP29 adopts decision on work programme for non-market approaches under Paris Agreement

COP29 adopts decision on work programme for non-market approaches under Paris Agreement

News Line
Most Read

22:53 COP29 achieves full operationalization of Article 6 of Paris Agreement – unlocks international carbon markets
21:55 Resolution adopted commending Azerbaijan for exemplary COP29 organization
19:44 Hungary has invited Netanyahu to visit, Israeli PM's office confirms
19:41 COP29 hosts another protest
18:33 Putin says Russia will keep testing new missile in combat
17:29 Defense minister highlights Azerbaijan Army's strength and dedication, inspired by commander-in-chief
14:51 Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29
14:15 Azerbaijani shooting teams shine at int'l tournament in Serbia
14:00 Earthquake jolts Azerbaijan's Lachin
13:29 Chairman of Caucasus Muslims Office to attend 10th UNAOC Global Forum
13:08 Kazakhstan presents plans to achieve carbon neutrality at COP29
12:34 WHO: Mpox continues to be international public health emergency
12:13 COP29: New initiatives unveiled at Urban Development Day to boost int’l co-op
11:35 European Club Association meeting to highlight COP29-launched Football Clubs Alliance for Climate
11:12 Azerbaijani oil price tops $76
10:42 Azerbaijan inks $131.5M loan agreement with ADB to revitalize INSTC
10:16 2024-25 UEFA Nations League quarterfinals set
09:41 Trump taps Scott Bessent for Treasury, capping long drama over choice
09:18 Russia to keep testing new missile in combat, Putin says
23:10 Spain fines budget airlines including Ryanair €179m
22:02 Rapper Sean 'Diddy' Combs returns to jail as judge considers bail bid
21:57 Benjamin Netanyahu arrest warrant: Where can he still go in Europe?
19:42 Deputy Chairman of New Azerbaijan Party attends 12th ICAPP General Assembly
19:41 Ambassador of Brazil: We hope COP30 will be acclaimed for its high-level organization
18:51 Leyla Aliyeva participates in tree-planting campaign in Baku
17:43 German FM: Finance and mitigation are key to combating climate change
17:16 Azerbaijani FM voices concern over unfounded smear campaign against nation
17:04 President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus
17:00 Milli Majlis Speaker Sahiba Gafarova takes the floor at 57th plenum of CIS member states’ Inter-Parliamentary Assembly
16:59 President Ilham Aliyev: ICAPP established itself as prestigious platform for cooperation
16:53 COP29 Presidency issues statement on climate finance goals and consultation process
16:30 Azerbaijan, Israel to set up new working group for cooperation
16:20 Azerbaijan initiates creation of the first-ever Global South NGO Platform
16:10 President of Congo meets with Congolese students studying at BHOS
16:09 US decision to allow missile strikes deep into Russia fuels global escalation: Slovak PM
15:38 Azerbaijan, Türkiye discuss green energy supply
15:11 Global Zero Waste initiative gains global momentum at COP29 in Baku
14:59 Baku hosts panel on “Building Tomorrow: The Legacy of COP29 in Azerbaijan and in the World”
14:59 Azerbaijan and Türkiye discuss projects on green energy supply
14:36 Azerbaijan, Hungary discuss European energy security
14:12 COP29 discusses green initiatives implemented in Africa
13:46 Malmö FF joins climate initiative at COP29
13:32 Trump names Pam Bondi as new pick for attorney general
13:12 COP29 highlights role of algae cultivation in reducing CO2 emissions
13:04 North Korean leader warns of growing risk of nuclear war
12:34 President Ilham Aliyev receives Israel's Minister of Transport and Road Safety
12:32 Haiti summons French ambassador over Macron's remarks
12:09 Leyla Aliyeva and Arzu Aliyeva visit exhibitions at National Art Museum
11:59 Azerbaijan's Milli Majlis criticizes Luxembourg Chamber of Deputies' resolution
11:50 COP29 negotiating groups hold Congress
11:26 Azerbaijan and Chile to cooperate in the field of transport
11:19 Nature is our priority at COP29: UK minister
10:53 Oil prices stabilize in global markets
10:35 Iran orders activation of new advanced centrifuges after anti-Tehran resolution at IAEA
10:16 Azerbaijani oil price surpasses $75
09:55 UN urges restraint as conflict in Ukraine escalates
09:31 Bitcoin price exceeds $99,000
09:16 Azerbaijani presidential aide says Politico’s biased article is vile example of disinformation
08:55 Chairperson of Azerbaijani parliament speaks at CIS Interparliamentary Assembly Council meeting
08:47 Jeyhun Bayramov discusses regional and bilateral issues with his Uzbek counterpart
08:46 Lufthansa flight lands safely at Heydar Aliyev International Airport
23:02 World War III has officially begun, Ukraine’s ex-top general says
22:49 Baku Declaration on SPECA Forum of Climate Smart Cities signed as part of COP29
20:18 Azerbaijan Army’s servicemen attend forum in Saudi Arabia
17:53 Leyla Aliyeva participates in COP29 panel on rare species conversation
17:43 Iceland's Reykjanes Peninsula sees 7th volcanic eruption this year
17:36 António Guterres: I am confident that agreement can be reached
17:23 SOCAR and "Tree Energy Solutions” sign joint study agreement
17:06 ICC issues arrest warrant for Benjamin Netanyahu over war crimes in Gaza
17:01 Azerbaijan’s Agency for State Support to NGOs and Kenya’s SMACHS Foundation sign memorandum
16:58 Bitcoin heading towards the $100,000 level
16:36 Azerbaijani, Egyptian FMs hold phone talk
16:17 ISESCO-organized event on agri–food system held as part of COP29
16:15 French MPs’ Telegram accounts hacked
16:12 Effective management of plastic waste discussed at COP29
16:09 We need agreement on an ambitious new climate finance goal in Baku, UN chief says
16:06 Russia confirms attack with UK-made Storm Shadow missiles on its territory
15:52 IRIA, Google discuss cooperation on artificial intelligence and digital transformation
15:30 UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio
15:10 Japan seeks balanced outcomes from COP29 and CMA6
15:07 Kremlin refuses to comment on alleged launch of ICBM on Ukraine
14:58 UN official hails Azerbaijan’s efforts to tackle climate change
14:30 Ukraine claims Russia fired ICBM for first time in war
14:13 COP29 President: Climate change impacts deepen gender-based inequalities
13:55 Pakistani PM's climate aide calls on COP29 president, vows to jointly push for climate finance agenda
13:33 Protocol of intent signed for Baku Dialogue on Water for Climate Action
13:02 Everyone must contribute to climate action - UNFCCC deputy executive secretary
12:41 Foreign investor selected for Gobustan Solar Power Plant construction
12:26 Azerbaijani oil price rises in global markets
12:17 COP29 features discussion on Contribution of indigenous peoples knowledge to addressing climate crisis
12:09 Discussions on just transition to green economy in the labor market underway at COP29
11:38 ANAMA, TikTok reps debate expanding mine threat fight popularization
11:34 Azerbaijani, Turkish naval forces start joint exercise
11:12 COP29 Presidency spotlights tourism, transport, and urbanization
10:58 Mexican radio highlights importance of COP29 in Baku
10:40 Global oil prices surge slightly
10:32 COP29 to adopt Baku Declaration on water management issues
10:09 Scottish Parliament backs COP truce initiative
09:48 Las Vegas man who called 911 for help killed by police in his home
09:25 UN chief Guterres arrives in Azerbaijan
09:10 Panel discussion on inclusion for green world held as part COP29
23:53 Azerbaijan, UAE explore investments in transition to green economy
22:56 VP of Heydar Aliyev Foundation and Head of the Baku Media Center visit inclusive exhibition presented at COP29
20:36 Azerbaijan’s Economy Minister discusses renewable energy with US company at COP29
19:55 Azerbaijan’s PM meets with Iranian Minister of Cultural Heritage, Tourism, and Handicrafts
17:42 Azerbaijani Parliament speaker visits Russia
17:24 AZAL reiterates commitment to sustainable development and environmental protection
16:59 COP29 features roundtable on Greening Urban Transport
16:30 Azerbaijan, International Road Transport Union discuss Middle Corridor development
16:08 Tourism sector is also vulnerable to impact of climate change: COP29 president
16:04 COP29: Türkiye reveals its efforts to combat water scarcity
15:52 Erdogan criticizes US decision to allow Ukraine’s missile system use against Russia
15:42 Azerbaijani Foreign Ministry summons French ambassador
15:30 Azerbaijan joins Glasgow Declaration on Climate Action in Tourism
15:21 Yalchin Rafiyev: Baku decisions to shape the next decade of the Paris Agreement
15:19 US Embassy in Kyiv closes over anticipated ‘significant’ air attack
14:50 COP29 Declaration on Enhanced Action in Tourism launched
14:40 Military institute holds scientific-practical conference
14:28 MoU on construction of Wind Power Plant in Kalbajar signed at COP29
13:59 Russia to address NATO’s engagement in strikes deep inside country - SVR

22:49 Baku Declaration on SPECA Forum of Climate Smart Cities signed as part of COP29 588
15:30 UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio 575
12:17 COP29 features discussion on Contribution of indigenous peoples knowledge to addressing climate crisis 569
20:18 Azerbaijan Army’s servicemen attend forum in Saudi Arabia 554
17:36 António Guterres: I am confident that agreement can be reached 549
10:58 Mexican radio highlights importance of COP29 in Baku 548
12:41 Foreign investor selected for Gobustan Solar Power Plant construction 546
10:09 Scottish Parliament backs COP truce initiative 539
17:53 Leyla Aliyeva participates in COP29 panel on rare species conversation 537
09:48 Las Vegas man who called 911 for help killed by police in his home 536
10:40 Global oil prices surge slightly 536
12:09 Discussions on just transition to green economy in the labor market underway at COP29 533
10:32 COP29 to adopt Baku Declaration on water management issues 526
15:10 Japan seeks balanced outcomes from COP29 and CMA6 517
13:02 Everyone must contribute to climate action - UNFCCC deputy executive secretary 516

Tell me about Azerbaijan

10:28

2021/11/1635834059.jpg

Drive up high to the remote village of Khinalig – Azerbaijan| PHOTOS

Armenian Aggression

12:13

2021/08/1629188112.jpg

Glorification of Armenian terrorism in California - OPINION

15:49

2023/12/1702641119.jpg

2023 champions honored at FIA Prize Giving event in Baku - NO COMMENT

Azerbaijan in Focus

09:37

2021/10/1634017375.jpg

EURONEWS : Highly skilled art of copperware production lives on in Lahij| VIDEO

23:17

2021/10/1634066358.jpg

Armenia launches criminal case on Serzh Sargsyan's visit to Baden-Baden - CARTOON

19:30

516OIzDe1pL._BO_.jpg

Years of Blood: A History of the Armenian-Muslim Clashes - Audiobook

About us

If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.

Azvision.az ©2014 | All rights reserved