Oil price decline below $25 is contrary to economic logic - Samir Sharifov

  28 January 2016    Read: 1244
Oil price decline below $25 is contrary to economic logic - Samir Sharifov
“2016 state budget was amended”, Minister of Finance Samir Sharifov said at press conference.

`Market price of the oil in 2016’s amended budget makes $25 a barrel. This is a conservative approach. Oil price decline below $25 is contrary to the economic logic`, the minister said.

Oil price may be increased in the second half of 2016, Sharifov added.

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