“Oil price in Azerbaijan has immunized against the limit even lower than $ 30 per barrel,” Vusal Gasimli, Executive Director of the Center for Analysis of and Communication of Economic Reforms told APA-Economics while commenting on the macroeconomic effects of the decrease of oil prices in Azerbaijan.
“The change of price of oil for per barrel by $ 1 influence about $ 250 mln. to our current operations account annually. An immunity has appeared in Azerbaijan against the limit of oil even lower than $ 30 per barrel. And also the oil prices decreased by more than 3 times in 2015,” V. Gasimli noted.