At today's meeting, President Ilham Aliyev spoke about the activities of the State Oil Company, Azerenergy and AZAl.
The head of state noted that the main source of the state budget today is the oil and gas sector:
"The State Oil Company is given money not only for gasification, but also for drilling, financing their share in consortiums with foreign partners, implementation of other infrastructure projects. Where does this money come from? From the state budget, a large amount. Caspian Shipping. True, other state companies The situation is better in the Caspian Shipping Company than in the previous year. But here, too, how much do ships and tankers cost? At the expense of the state budget. We are currently building several ships at the shipyard - cargo ships, Ro-Ro ships. We give it to the Caspian Shipping Company. They also operate it and then return the money? This is a big question.
How much money is allocated to Azerenergy? True, great work has been done, stations and substations are being built, and the Mingachevir Thermal Power Plant has almost been rebuilt. But where does the money come from, does it spend from the money it earns? No, from the state budget. Today, the main source of the state budget is the oil and gas sector.
Other companies - all AZAL planes were purchased by the state. All airports were built by the state. What is the benefit to the state? These planes are purchased, they are operated. So where does the income come from? When will it be repaid, will we have to repay the loans at the expense of the state guarantee? Railroad, too. New lines are being built, new carriages, new locomotives are being purchased, hundreds of millions of manats are being allocated. But where is the benefit? After all, it must work efficiently. "
