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The price of Azerbaijani oil increased by more than $3
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The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $3.3 or 5.2% - to $66.75.
As BAKU.WS reports, this was communicated to Report by a source in the oil market.
At the end of trading, the price of Brent crude oil December futures was $65.53.
The price of Azerbaijani oil in Turkish Ceyhan under FOB terms increased by $3.3 or 5.36% - to $64.81 per barrel.
In Azerbaijan's state budget for this year, the oil price is set at $70.
Recall 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 mainly produced under the agreement for the development of the "Azeri-Chirag-Guneshli" (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 31.65%.
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