The price of Azerbaijani oil exceeded $132

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $4.3 or 3.36% - to $132.35.

As BAKU.WS reports, Report was informed by a source on the oil market.

At the close of trading, the price of June Brent crude oil futures stood at $127.24.

The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms (BTC FOB) rose by $4.5 or 3.72% - to $125.55 per barrel.

In Azerbaijan's state budget for this year, the oil price is set at the level of $65.

As a reminder, the minimum price for Azeri Light crude 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 on the development of the Azeri-Chirag-Gunashli (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 31.65%.