Azerbaijani Minister: “Taking oil price as $ 35 is quite substantiated”

Azerbaijani Minister: “Taking oil price as $ 35 is quite substantiated”
  • Clock-gray 17:57
  • calendar-gray 04 August 2020

“Certain scenarios have been presented by the Ministry of Economy regarding the economic forecast”, said the minister of Finance of Azerbaijan Samir Sharifov at the today’s meeting of the Economic policy, industry and entrepreneurship committee of the Azerbaijani Parliament, APA reports.

The minister said it was a bit easier to forecast the issues related to refinement (detailing) of the state budget for the current year.

“If you remember, during April-May, the oil price was changing between $13-20. During that period, the supply sharply prevailed over demand. Then, the trade war on the oil market started to subside. As a result of this, the process of stabilization of oil prices commenced. However, the $35 scenario has been taken as a basis by the Ministry of Economy. This is quite substantiated and we suppose that it will prove correct”, S. Sharifov stressed.

Firuza Vahid

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