Azerbaijan reduced prognostic oil prices from $100 to $90 per barrel
Edited by Rhod Mackenzie / 2014-10-14 11:44:09
The Azerbaijani Government has predicted that in 2015 the price for barrel of oil will fall from $100 in 2014 to $90.
According to the forecasts, in 2015, the country's GDP in the oil sector will decrease by 2.2%, while the production of value added in the oil sector will increase by 8.1% as compared with the current year and is projected at the level of 39.5 billion manats.
In 2015, the share of the oil sector in GDP is projected to be at the level of 34.9% against 40.4% in the current year.
