Azerbaijani Oil Prices Decline
Date
9/11/2024 2:16:41 AM
(MENAFN- AzerNews)
Fatima Latifova
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The price of Azerbaijan's "Azeri Light" (CIF) oil has decreased
in global markets, Azernews reports.
The price of one barrel of Azerbaijani oil has dropped by 2.27
USD, or 3%, reaching 73.63 USD.
It should be noted that the lowest price of "Azeri Light" oil
was recorded on April 21, 2020, at $15.81 per barrel, while the
maximum price was noted in July 2008, at $149.66 per barrel.
In Azerbaijan, oil is mainly produced within the framework of
the agreement on the development of the "Azeri-Chirag-Gunashli"
(ACG) field block, in which the State Oil Company of Azerbaijan
(SOCAR) holds a 25% share.
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