11:21 - 1.08.2023

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August 1, Fineko/abc.az. The price of Azerbaijani oil has exceeded $89.

ABC.AZ reports that the price of a barrel of crude oil Azeri Light rose by $1.26 to $89.27.

The average price of a barrel of oil in the State Budget of Azerbaijan this year is estimated at $60.
The lowest price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum - in July 2008 ($149.66). Oil in Azerbaijan is produced mainly within the agreement on the development of field block Azeri-Chirag-Guneshli (ACG). SOCAR’s share in the contract is 25%.