Azerbaijani oil rose slightly
The price of one barrel of Azerbaijani Azeri Light oil on the world market rose by $0.32 or 0.36% to $86.83.
This was reported to Report by a source on the oil market.
Following the results of trading, the price of September futures for Brent oil amounted to $82.22 per barrel.
The price of Azerbaijani oil in the Turkish Ceyhan under FOB conditions rose by $0.03 or 0.04% to $83.18 per barrel.
In Azerbaijan's state budget 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 extracted mainly under the agreement on the development of the Azeri-Chirag-Gunashli (ACG) block of deposits. The share of the State Oil Company (SOCAR) in the contract is 31.65%.
