Baku 24° C
Price of Azerbaijani oil reaches $93
Energy
- 21 January, 2022
- 16:46
Add Report.az to preferred Google sources
Stay up to date with the top news!
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%.
Author
Latest News
13:27
Azerbaijan transports 29.7 bcm of gas through main pipelines in January-September
Energy
13:17
Indian ambassador ready to strengthen bilateral ties with Azerbaijan
Foreign policy
13:14
Photo
President Ilham Aliyev received newly appointed Indian ambassador to Azerbaijan
Foreign policy
13:13
Martirosyan: Armenia hopes to develop energy cooperation with Azerbaijan
Other countries
13:10
MP: Restoration of Azerbaijan's sovereignty resulted from struggle against occupation
Domestic policy
13:05
Von der Leyen: EU will not lift Russia sanctions until war ends
Other countries
13:02
Value of Azerbaijan's petroleum products output exceeds 4.6B manats
Energy
12:51
Azerbaijani MP: Equality and sovereignty underpin Baku's foreign policy
Foreign policy
12:50
CBA, BlackRock mull co-op prospects
AIC