TODAY.AZ / Business

Petrodollars to peak in 2009-2011

02 November 2006 [11:12] - TODAY.AZ
The oil revenues of Azerbaijan is expected to hit the highest point in 2009-2011, SOFAZ Executive Director Shahmar Movsumov stated.

He said the volume of revenues depends on oil price and production in the world.

"Azerbaijan has developed three scenarios to manage the long-term and medium-term revenues. The scenarios envisage three oil price rates at US$ 40, $50 and $60. The petrodollars are estimated at between $8bn and 15bn," he said.

He also said the dividends from Baku-Tbilisi-Ceyhan will hit $80m next year, of which $15m will be received by Azerbaijan, APA reports.

URL: http://www.today.az/news/business/32103.html

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