Azerbaijan's revenues in oil and gas sector will decrease by AZN 750 million, Finance Minister says
"Our revenues in the oil and gas sector will decrease by AZN 750 million," Azerbaijan's Minister of Finance Samir Sharifov said during a discussion on the "State Budget of the Republic of Azerbaijan for 2025" draft law at a meeting of the Milli Majlis Committee for Economic Policy, Industries, and Enterprising, Paralel.Az reports.
The Minister stated that the decrease in revenues is related to the depletion of oil fields: "Because they have been exploited for years. In this regard, the government is taking steps. Positive changes are occurring in the non-oil sector. We have AZN 960 million inflows from the non-oil sector."