10:53 - 2.08.2023
August 2, Fineko/abc.az. The price of Azerbaijani oil at the world market has declined.
ABC.AZ reports that the price of a barrel of Azeri Light crude oil decreased by $0.51 to $88.76.
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). In Azerbaijan, oil is produced mainly within the Agreement on the development of field block Azeri-Chirag-Guneshli (ACG). SOCAR’s share in the agreement is 25%.
