Azerbaijani oil falls slightly
The price of one barrel of Azerbaijani Azeri Light crude on the world market fell by $0.01 or 0.01% to $82.6.
This was reported to Report by a source on the oil market.
At the end of trading, the price of August futures for Brent crude was $80.35.
The price of Azerbaijani oil in the Turkish Ceyhan under FOB terms rose by $0.03 or 0.04% to $80.38 per barrel.
The Azerbaijani state budget for this year is based on an oil price of $65.
It should be recalled that the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum in July 2008 ($149.66).
In Azerbaijan, Azeri Light oil is produced under the agreement for the development of the Azeri-Chirag-Gunashli (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 31.65%.
