15:54 - 7.04.2022

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April 7, Fineko/abc.az. The average price of Azeri Light on CIF-delivery terms was $102.68 per barrel in the 1st quarter of 2022.

ABC.AZ reports that this was informed by SOCR deputy vice president, press secretary Ibrahim Ahmedov.

Over Jan-Mar 2021, the average price of a barrel of Azeri Light was $61.6.

Thus, the price of Azeri Light crude oil increased by $41.08 or 1.7 times compared with Jan-Mar 2021.

The average price of a barrel of oil is envisaged at the level of $50 in the State Budget of Azerbaijan for 2022.