11:12 - 4.08.2023

---

August 4, Fineko/abc.az. The prices of Azerbaijani oil at the world market have risen.

ABC.AZ reports that the price of a barrel of Azeri Light increased by $1.57 up to $88.9.

The average price of a barrel of oil in the State Budget of Azerbaijan this year is calculated from $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. The share of the State Oil Company (SOCAR) in the agreement is 25%.