Azeri Oil Plans

Azeri Oil Foundation thinks that in 2011 the country will receive 11.4 billion USD, provided that the average price of oil will be 60 USD for one barrel. The figure of 11.4 billion USD was stated by President Ilham Aliyev who also mentioned that the expenditures will come to 8.63 billion USD. President Aliyev also endorsed different projects to be implemented in 2011. These are the construction of the Baku-Tbilisi-Kars railway, the sending of Azeri youth for studies abroad, improving the social conditions of the IDPs and other projects.