Ministry of the Economic Development defined the State budget oil price for 2007
According to the preliminary calculations made by the Ministry of Economic Development, oil price defined by the State Budget to make budgetary forecasts will reach $45/barrel in 2007, the government told Trend.
This year the figure grew to $40 against $25 last year. According to the experts, tendency of the oil price growth on the world markets will remain in the coming years.
By the International Currency fund forecasts, when the medium export oil price will reach $48, 8 SOCAR incomes will reach $2,2bln this year and with the price of $46, 6- $6,2 bln in 2007, $45, 3- $16, 6bln in 2008, $44, 5- $29, 2bln in 2009 and $44-$42, 5bln in 2010.