10:34 - 3.08.2023

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August 3, Fineko/abc.az. The price of Azerbaijani oil on the world market has declined.

ABC.AZ reports that the price of a barrel of crude oil Azeri Light decreased by $1.43 to $87.33.

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 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 the Azeri-Chirag-Guneshli (ACG) block of fields. 
SOCAR’s equity stake in the agreement is 25%.