Will Oil price be revised in 2013 state budget?

Will Oil price be revised in 2013 state budget?

The Azerbaijani Finance Ministry has studied the situation on the world market in detail prior to setting the forecast oil price in the country’s state budget for 2013. The statement came from Azerbaijan’s finance minister Samir Sharifov.  According to him, the situation with the world oil prices does not create concern.

“We have no concerns as to the decrease in oil prices”, Sharifov said. The oil price forecast in the state budget of 2013 was increased from $80 to $100 per barrel. “The predicted price may be revised in case of changes in the world prices for  oil”, the minister said

Leave A Comment