Stealing news from Azerbaijan.

Oil revenues in Azerbaijan (and what they should mean…)

The price of oil has surpassed $115 per barrel. An export of 1 million barrels per day means a daily income of $115 million. Calculations show that output and transportation costs are up to $10 per barrel, meaning that from every $115 earned from a barrel of oil, $10 are attributed to costs; 80% of the remaining $105 – that is $84 – go to the Azerbaijani government, and 20% – that is $21 – go to Azerbaijani companies. So $84 million every day, $2.5 billion every month, $30 billion every year are made on oil sales. That is $9.60 per day (8 AZN), 240-250 AZN per month, or 3000 AZN per year per person.

Research: Gubad İbadoglu


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: