Baku 7° C
Azerbaijani oil price falls to $89
Energy
- 25 January, 2022
- 06:52
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
17:17
Ban on e-cigarettes approved in Azerbaijan
Domestic policy17:04
Yael Ravia-Zadok: Azerbaijani business delegation planned for Israel in 2026 - EXCLUSIVE
Foreign policy17:02
Azerbaijan introduces fine for online calls to engage in prostitution
Domestic policy16:45
AZPROMO: Azerbaijani firms may take part in infrastructure projects in Israel
Business16:40
Strengthening ties with Azerbaijan, Georgia discussed in Kyrgyz parliament
Foreign policy16:37
Messages from Davos: Azerbaijan at the center of global and regional security
Foreign policy16:24
Jabbarov: Mutual investments between Israel, Azerbaijan amount to approximately $600M
Business16:22
Jabbarov: Azerbaijan, Israel have foundation for constructive dialogue
Business16:18