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The price of Azerbaijani oil exceeded $128 per barrel
The price per barrel of Azerbaijani Azeri Light crude oil on the world market increased by $0.74 or 0.58% - to $128.03.
BAKU.WS was informed by a source on the oil market.
Based on the trading results, the price of November Brent crude oil futures amounted to $132.19.
The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms increased by $0.74 or 0.61% - to $122.45 per barrel.
In Azerbaijan's state budget for this year, the oil price is set at $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, Azeri Light crude oil is 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 35.3%.
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