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: 936

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”.

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