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Azerbaijani Oil Prices Up
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 15. The price of
Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian
port of Augusta on March 14 increased by $0.11 (0.15 percent)
compared to the previous rate, now sitting at $73.32 per barrel,
Trend reports,
citing a source in the country's oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went up by $0.07 (0.09 percent) to $71.97 per barrel.
The price of URALS crude grew by $0.3 (0.53 percent) from the previous rate, amounting to $56.39 per barrel.
North Sea benchmark crude, Dated Brent, was $0.27 (0.37 percent) more than the previous rate, at $71.66 per barrel.
The official exchange rate as of March 14 is 1.7 AZN/1 USD. The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.
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