"We increase oil price in the budget up to USD 85 for the next 7 months", Azerbaijani Minister of Finance Samir Sharifov told in his exclusive statement to APA-Economics.
The minister noted that USD 85 was taken as an annual price: "Annual price means that actual sale price was taken into account during 5 months. Because this is higher. The temporary situation for the oil-producing countries has been very favorable. An amendment was considered in the budget projects of the government for the next 7 months. The annual price will be USD 85 for that project. It means that we increase the price forecast for the next 7 months from USD 50 to 70%. As a result, the price will be $ 85 per year," he said.
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