BAKU, Azerbaijan, September 16. The price of one barrel of Azeri Light crude oil was set at $65 when preparing the draft consolidated and state budgets of Azerbaijan for 2027.
This is reflected in the Statement on the Initial Indicators of the State and Consolidated Budgets for 2027 released by Azerbaijan’s Ministry of Finance.
The figure is the same as for 2026.
“The state budget revenues in 2027 are projected at 27.8% of GDP, or 39.2 billion manat ($23.05 billion), based on an average annual selling price of crude oil of $65 per barrel. Of this amount, 39.5%, or 15.5 billion manat ($9.1 billion), will account for the oil and gas sector, while 60.5%, or 23.7 billion manat ($13.9 billion), will account for the non-oil and gas sector,” the statement said.
Will be updated
