News Details
Azerbaijan Grand Prix under threat as oil prices plummet
Azerbaijan's inaugural Formula 1 race could be in doubt, according to an economist. The first F1 race on the historic streets of Baku is scheduled for June, but Azerbaijan's economy is currently being battered by the collapsing price of oil. 'Azerbaijan is an oil country,' Ali Hasanov, a presidential advisor, told the state news agency Azertac. 'The prices on oil and oil products have reduced threefold since early 2015. This means that Azerbaijan's revenues reduced threefold.' In the first 21 days of 2016, prices have plunged a further 25 per cent — a figure not seen since the global financial crisis. In the same period, the Azerbaijan currency has lost 30 per cent of its value,...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 bosses reach engine price deal
The cost of engine prices is to be reduced after Formula 1 bosses reached...
9y ago from BBC.co.uk
PDVSA plays down Maldonado axe reports
A source at PDVSA, the Venezuelan state oil company, has played down...
9y ago from GrandPrix247.com
Bahrain offers big early-booking discounts on 2016...
Bahrain International Circuit is offering up to 20 per cent discounts on...
9y ago from Motorsport.com
How to get to ALL of the races on the calendar
With 21 races this year, 2016's Formula 1 schedule is jam-packed full of...
9y ago from F1Hub.net
Elsewhere On The Network
Popular On MGPToday.com
Who crashed the most during the 2025 MotoGP season?
No description available...
16h ago from Motorsport.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
3d ago from MotorsportWeek.c...
Maverick Vinales “mentally stronger” than ever...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Sunoco makes full-time IndyCar return as primary...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
1d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
2d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Hayden Paddon got his second shot in WRC
No description available...
18h ago from Motorsport.com
Lancia reveals driver line-up for 2026 WRC return
No description available...
1d ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
3d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal go five points clear with 94th-minute winner...
Yerson Mosquera's 94th-minute own goal clinched a dramatic 2-1 win for...
6h ago from SkySports.com
Arsenal 2-1 Wolves: Premier League – live reaction
Bukayo Saka crosses forced two own goals as Arsenal somehow found a way...
6h ago from TheGuardian.com
DRAMA! Arsenal snatch late win over Wolves to move...
Highlights from the Premier League match between Arsenal and Wolves.
6h ago from SkySports.com
“Carried the team on his back”, “One man army”...
Arsenal fans were left in awe of Bukayo Saka’s performance during their...
6h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton private chat confirms retirement decision
F1 commentator David Croft has revealed that he... Read More »
9h ago from GPFans.com
Ferrari 'problems' developing over F1 2026 as surprise team...
Ferrari's hopes of becoming a championship... Read More »
8h ago from GPFans.com
Check out the sound of 2026 Formula 1 courtesy of Honda
Honda has released a recording of their engine... Read More »
12h ago from GrandPrix247.com
