17:51 - 18.11.2024

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November 18, Fineko/abc.az. Revenues in the oil & gas sector in Azerbaijan will be reduced by 750 million manats.

ABC.AZ reports that Finance Minister Samir Sharifov during the discussion of the Bill on State Budget 2025 at a meeting of the Parliamentary Committee for Economic Policy, Industry & Entrepreneurship.

The minister said that the decrease in revenues is linked with depletion of oil fields: "Because they have been exploited for years. The government is taking steps in this direction. Positive changes are taking place in the non-oil sector. We have 960 million manats of revenues from the non-oil sector."