Azerbaijani government, the base price for oil, laid down in the state budget for 2022, increases from $ 50 to $ 70 per barrel, Interfax-Azerbaijan reports with reference to an informed source.
“In the state budget for 2022, the price of oil was laid at $ 50 per barrel. A draft amendments to the law on state budget for 2022 were included in the parliament, which provides for an increase in both the revenue and consumables. Given the current situation for oil The government increases the basic oil price laid down in the state budget for 2022, to $ 70 per barrel, which will provide additional revenues of the state budget, ”the agency’s source said.
In January-May 2022, the average export price for Azeri Light oil was $ 106.3 per barrel, the source recalled.