By Ayya Lmahamad
As a result of the amendments to the state budget of Azerbaijan
for 2022, the price of oil in it will be set at $85 per barrel, the
country's Finance Minister Samir Sharifov has said.
He made the remarks during the discussion of amendments to the
state budget for 2022 at an extraordinary meeting of the
Azerbaijani parliament, Azernews reports, citing Trend.
'Given risks, it was proposed to reduce the price of oil in the
state budget to $75,' he said.
In this regard, the minister recalled that during the first five
months of the year, the average export price per barrel of Azeri
Light crude oil was $106.3.
'Taking into account the funds received during the five months
and the funds to be received during the next seven months, it is
more reasonable to proceed from the average price of $85 per barrel
of oil,' he said.
Moreover, Sharifov stated that the share of funds to be
allocated for the reconstruction of Azerbaijan's liberated
territories in the state budget for 2022 will be high. He added
that the allocated funds are directed to the restoration of
important infrastructure in the Karabakh and Eastern Zangazur
The funds allocated for the restoration and reconstruction of
the liberated territories from the state budget for 2022 have been
increased by AZN470 million ($276.4m) up to AZN2.6 billion
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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- Azerbaijani Parliament
- state budget
- oil prices
- Finance Minister Samir Sharifov
- Azerbaijan's liberated lands
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