Baku, September 16, 2025
Azerbaijan has based its 2026 state and consolidated budget drafts on an oil price of $65 per barrel for its flagship Azeri Light crude, the Finance Ministry announced.
The figure is $5 lower than the benchmark used for the 2025 budget. Officials say the conservative adjustment reflects global market volatility and aims to ensure stability in fiscal planning.
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Oil revenues remain the backbone of Azerbaijan’s public finances, but the government has in recent years expanded investment in non-oil sectors and renewable energy to reduce reliance on hydrocarbons.
