Azerbaijani oil has become more expensive

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