The price of Azerbaijani oil is approaching $101 per barrel

The price of a barrel of Azerbaijani Azeri Light oil on the world market increased by $1.23, or 1.24%, to $100.63.

As Report notes, citing a source on the oil market, the closing price of January futures for Brent crude oil was $92.72 per barrel.

The price of Azeri Light on an FOB basis at the Turkish port of Ceyhan increased by $1.51, or 1.59%, to $96.64 per barrel.

In Azerbaijan's state budget for the current year, the average price per barrel of oil is set at $65.