Azerbaijan revises 2016 budget with oil at $25/barrel

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10:00 | 29.01.2016

Azerbaijan revises 2016 budget with oil at $25/barrel

Azerbaijan's revised budget for this year will be based on an average oil price of $25 per barrel, down from an originally budgeted $50, Finance Minister Samir Sharifov said on Thursday.

Sharifov said $25 will probably be the bottom of the oil price plunge.

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Azerbaijan revises 2016 budget with oil at $25/barrel

Azerbaijan revises 2016 budget with oil at $25/barrel

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