Oil price should be $40-45 to maintain payment balance, central bank says

In order to maintain Azerbaijan's balance of payments, the price of one barrel of Azeri Light brand oil in the world market should be $40-45, Samir Nasirov, director of the Statistics Department of the Central Bank of Azerbaijan (CBA), told a briefing held at the CBA, Report informs.

"At the moment there is no need to worry about the price of oil," Nasirov said.