Minister: Azerbaijan's oil and gas budget revenues to decrease by 750M AZN in 2025

In 2025, Azerbaijan's state budget revenues from oil and gas sector are expected to be approximately 750 million manats ($441.18 million) less compared to 2024, Finance Minister Samir Sharifov said at a joint meeting of parliamentary committees on legal policy and state building, defense, security and anti-corruption, human rights, and regional issues, Report informs.

"One of the reasons for this is the reduction of Azerbaijani oil price in the state budget from $75 to $70 per barrel, and another reason is the depletion of our oil field reserves," the minister noted.