Crude Oil Price in the 2016 state budget will decline by 45.0 %

Crude Oil Price in the 2016 state budget will decline by 45.0 % The Ministry of Finance of Azerbaijan has started drafting State Budget 2016. The Ministry has reported that with taking into account events at the world energy market, in particular declining trends in oil prices, the State Budget oil price will be set at the level of $50 US per barrel. The price of crude oil in 2016 state budget will be decreased by 45.0 % since it is $ 90 US per barrel... Read More