Azerbaijani Oil Prices Down On World Market
Date
7/10/2024 2:19:28 AM
(MENAFN- AzerNews)
Fatime Letifova
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The price of a barrel of Azerbaijani oil of the "Azeri Light"
brand in the world market has decreased by $1.40, or 1.55%, to
$88.89, Azernews reports.
According to auction results, the price of August futures for
"Brent" oil amounted to $84.41.
In Azerbaijan's state budget for this year, the average price of
a barrel of oil is calculated at $75.
It should be noted that the lowest price of "Azeri Light" oil
was recorded on April 21, 2020, at $15.81, and the highest price
was recorded in July 2008 at $149.66. In Azerbaijan, oil is mainly
produced within the framework of the contract for the development
of the "Azeri-Chirag-Gunashli" (ACG) fields block. The State Oil
Company of Azerbaijan (SOCAR) has a 25% share in the contract.
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