| The budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2015 will be deficit-ridden due to the long decline in world oil prices, SOFAZ told Trend Oct. 23. While drawing up SOFAZ budget-2015, the basic parameters of the state budget were taken as a basis. The oil price was set at $90 per barrel, the source said.
"Taking into account the oil price at $50 a barrel, SOFAZ’s total income, including the proceeds from the oil and gas sale are predicted at 7.4 billion manat till late 2015, which is 28 percent less than SOFAZ income approved for this year," SOFAZ said...............................................Full Article: Source
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