Oil and gas earnings of Azerbaijan's budget to decrease by 750 million manats

In 2025, the Azerbaijan's state budget earnings from oil and gas sector will be by about 750 million manats less than in 2024. This was stated by Finance Minister Samir Sharifov in Milli Majlis on 19 November. ‘One of the reasons for this is the reduction of the budget price for Azerbaijani oil from 75 to 70 US dollars, and another is the depletion of reserves of our oil fields,’ he said.’ he noted.

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