Azerbaijani oil rises by $3.4
The price of one barrel of Azerbaijani Azeri Light oil on the world market increased by $3.38 or 4.3% — to $81.29.
This was reported to Report by a source on the oil market.
Following the trading results, the price of September futures for Brent oil amounted to $77.32.
The price of Azerbaijani oil in Turkish Ceyhan under FOB terms increased by $3.3 or 4.4% — to $78.36 per barrel.
In the state budget of Azerbaijan for this year, the oil price is set at the level of $65.
Recall 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, oil is mainly 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%.
