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Price of Azerbaijani oil reaches $93
Energy
- 21 January, 2022
- 16:46
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The price of a barrel of Azeri Light oil on the world market increased by $0.04 or 0.43% to $92.89, a source in the oil market told Report.
Yesterday on the market Brent oil cost $86.65 per barrel.
The state budget of Azerbaijan for this year includes the price of oil at the level of $50.
The minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum price was in July 2008 ($149.66).
In Azerbaijan, oil is produced mainly under 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%.
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