Baku 22° C
Azeri oil price falls to $91
Energy
- 22 January, 2022
- 05:41
The price of a barrel of Azeri Light oil on the world market decreased by $1.48 or 1.59% to $91.41, a source in the oil market told Report.
Yesterday on the market Brent oil cost $87.57 per barrel.
The state budget of Azerbaijan for this year includes the price of oil at the level of $50.
The minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum price was in July 2008 ($149.66).
In Azerbaijan, oil is produced mainly under the agreement on the development of the Azeri-Chirag-Guneshli (ACG) block of fields. The share of the State Oil Company (SOCAR) in the contract is 25%.
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