The country's state budget for 2022 is based on the oil price of $50/bbl, but in reality, Azerbaijani oil has been trading in the range of $85-$115/bbl since the beginning of the year, and taking into account the forecasts of authoritative analytical structures - ING, S&P Global Platts, Fitch and others - the cost of a barrel of "black gold" can overcome the barrier of $120-130, even despite the gradual increase in production in accordance with...
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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