Azerbaijani oil sold at 5.4% above budgeted price in 1H2025

In the first half of 2025, the average export price of Azeri Light crude oil on the global market reached $73.8 per barrel—exceeding the price benchmark used in Azerbaijan’s approved state budget ($70) by 5.4%, Report informs.

This was reflected in the document titled “Reference on the Semi-Annual Execution of the State and Consolidated Budgets for 2025 and Year-End Forecasts”, published by the Ministry of Finance and prepared in line with international fiscal diagnostic standards.

The document outlines monthly average prices for Azerbaijani oil as follows: $81.3 in January, $77.4 in February, $74.1 in March, $69.6 in April, $66.3 in May, and $74 in June.