- 6
- 26.08.2023 13:35:00
- 1 min read
The price of one barrel of Azeri Light oil on the world market increased by $1.2 or 1.37% to $88.56.
Report was told by a source in the oil market.
On the stock exchanges, Brent crude is trading at $83.36 per barrel.
In the state budget of Azerbaijan for this year, the price of oil is set at the level of 60 US dollars.
Recall that the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum price in July 2008 ($149.66).
Oil is produced in Azerbaijan mainly within the framework of the agreement on the development of the Azeri-Chirag-Guneshli (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 25%.
source: report.az
