Monday, July 15, 2019

Azerbaijan in oil figures


Ò  %53.1 of GDP
Ò  %58 of Budget income
Ò  %90 of export
Ò  %90 of foreign investments into the oil industry shows dependency of country on oil

According to OPEC data on oil production:
              - In 2095 S.Arabia
              - In 2125 United Arab Emirates
              - In 2135 Kuwait
              - In 2025 Azerbaijan will finish its oil production

I am really interested what kind of plan does the government have when the oil will be finished, since major portion of the budget comes from the SOFAZ (almost half) and the rest are invested into the non-liquid actives. I will have some data later on it as well...