Price of Azerbaijani oil exceeds $95
The price of one barrel of Azerbaijani Azeri Light oil on the world market rose by $0.9, or 0.95%, to $95.48.
A source on the oil market told Report about this.
Following the results of trading, the price of October futures for Brent crude was $93.4.
The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms rose by $0.9, or 0.99%, to $91.79 per barrel.
Azerbaijan's 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, oil is produced mainly under the agreement on the development of the Azeri-Chirag-Gunashli (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 35.3%.
