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Azerbaijani oil has become more expensive
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The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $1.11 or 1.42% to $78.98.
As BAKU.WS reports, this was communicated to Report by an oil market source.
At the end of trading, the price of April Brent crude futures was $77.03.
In Azerbaijan's state budget for this year, the oil price is set at $70 per barrel.
Recall that the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81 per barrel), and the maximum was in July 2008 ($149.66).
In Azerbaijan, oil is mainly produced under the agreement for the development of the Azeri-Chirag-Gunashli (ACG) fiel
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