Baku 17° C
Azerbaijani oil price falls to $89
Energy
- 25 January, 2022
- 06:52
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $2.31 or 2.5% to $89.10 per barrel, Report informs.
Yesterday, the Brent crude price was $91.41 a barrel.
The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
Oil is mainly produced in Azerbaijan within the framework of the agreement on the development of the Azeri-Chirag-Guneshli (ACG) block, in which the State Oil Company (SOCAR) has a 25% share.
Author
Latest News
23:47
US federal judge Alvin Hellerstein dies at 92
Other countries
23:28
Erdoğan, Trump discuss bilateral ties and regional developments
Region
22:51
Fed holds rates steady at 3.75%–4%, signals possible further hikes
Other countries
22:36
Azerbaijan, FAO discuss cooperation and future prospects
Foreign policy
22:24
Erdoğan, Tokayev discuss bilateral cooperation in Ankara
Region
22:21
Photo
Azerbaijan, Sudan discuss prospects for cultural cooperation
Culture
22:09
President Ilham Aliyev offers condolences to Spain over train tragedy
Foreign policy
21:43
Photo
Heydar Aliyev Foundation and ICESCO sign new cooperation agreement
Cultural policy
21:41
Azerbaijan, Slovakia welcome launch of direct air connection
Tourism