OREANDA-NEWS. June 16, 2010. Increase of forecast of export price for oil has become basis for expansion of Azerbaijan’s State Budget 2010.

In compliance with additions and amendments to the Law on State Budget 2010 the oil export price forecast was raised from USD 40 up to USD 60 per barrel.

The increased forecast will enable the State Oil Fund of Azerbaijan to increase its transfer to the State Budget by 1 billion manats.