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Azerbaijan Spells Out Benchmark Oil Prices For Upcoming Budget Year
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 4. Oil price
forecasts are based on long-term performance indicators, said
Minister of Finance of Azerbaijan Sahil Babayev at the meeting of
the Parliamentary Committee on Economic Policy, Industry, and
Entrepreneurship devoted to the discussion of the draft law“On the
State Budget for 2026,” Trend reports.
He pointed out that the ministry pulls data from about 22 assessment organizations to shape its forecasts.
“As a result, prices are determined in April, July, September, and finally at year-end. The consensus price among all evaluating companies for 'Azeri Light' has been set at $65,” the minister emphasized.
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