IN RUSSIAN

Azerbaijan expects additional $6 billion from oil sales

23 May 2011 - 1:56pm

Oil prices per barrel rose from $60 to $80. Azerbaijan expects an additional 5 billion mantas from oil sales in 2011, Trend reports.


The Accounts Chamber said that adjustments to the law on state budget of Azerbaijan in 2011 will give 770 million mantas to the state budget and 3,500-4,000 to the State Oil Fund.


The oil prices in January-April 2011 exceeded $100 per barrel. Currency reserves will stay at $30 billion after all transfers are realized by the fund. SOCAR transfers are expected to be at 9.18 billion mantas in 2011, rising by 41.7% (2.7 billion mantas), compared to forecasts, making 59% of budget income.


The committees for economic and social policy of the Azerbaijani Parliament recommended amendments to the budget of 2011.


Finances Minister Samir Sharifov said that the high oil prices have been exceeding the planned budget price by 80% for a long time. Additional income reached 976.4 million mantas, compared with the planned 193.5 million in 2011. Additional income reached 1.1 billion mantas.


The state budget expects 3.684 billion mantas of extra income.


The currency rate on May 23 is 0.79 AZN/USD.

Read also

May 29 2015 - 21:15
The Azerbaijani embassy in Russia celebrated the country's Republic Day yesterday. The Azerbaijan Democratic Republic was proclaimed on May 28, 1918. Russian politicians have congratulated Azerbaijan and described the state of Russian-Azerbaijani relations.
May 29 2015 - 19:17
According to article 13 of the Azerbaijani Family Code, all newlyweds need to pass compulsory medical examinations, starting on June 1, 2015. The examinations will be conducted at public medical centers. Newlyweds will be checked for thalassemia, AIDS and syphilis, Trend reports.
May 29 2015 - 16:35
Parliament Speaker Ogtay Asadov said that 10 meetings were held, 134 laws and decisions were adopted, and up to 70 delegations visited almost 30 countries during the spring session."I guess, the spring session was successful," Trend cited Asadov as saying. 
May 29 2015 - 14:29
Russian President Vladimir Putin has awarded the Chairman of the Caucasian Muslims Office (CMO), Sheikh ul-Islam Haji Allahshukur Pashazadeh, a Certificate of Merit.Russian ambassador to Azerbaijan Vladimir Dorokhin presented the Certificate of Merit to Pashazade.  Pashazade said that Azerbaijan and Russia have strong friendly relations.
May 29 2015 - 11:11
Iranian President Hassan Rouhani congratulated Azerbaijani President Ilham Aliyev on the country's Republic Day."I'm confident that the good ties between the two countries will expand at bilateral, regional and international levels in line with the two nations' mutual interests," Interfax-Azerbaijan cited his message as saying.Rouhani wished prosperity for the Azerbaijani people and his Azerbaijani counterpart. 
May 28 2015 - 12:53
Azerbaijani armed forces are holding large-scale drills of tank units, during which the management capabilities, maneuvering and firing capabilities of tank units will be tested, the country’s Defense Ministry said.The plan of drills was approved by Azerbaijan’s Defense Minister Colonel General Zakir Hasanov, Trend reports. 
May 28 2015 - 11:30
The residents of Azerbaijan are celebrating Azerbaijani Republic Day or the day of regaining state independence today. 
May 27 2015 - 16:08
The ways of the Nagorno-Karabakh conflict settlement were discussed in Moscow.State Secretary, Russian Deputy Foreign Minister Grigory Karasin, received the Personal Representative of OSCE Chairman-in-Office, Andrzej Kasprzyk, Trend reports with reference to the Russian Foreign Ministry.During the meeting the sides discussed the issues related to the situation in the Nagorno-Karabakh conflict zone. 

Archive