The price of one barrel of Azerbaijani oil of the Azeri Light brand in the world market decreased by $ 2.38 or 2.3%to $ 102.19. This was reported by Report by a source in the oil market.
On exchanges of the October futures for oil, Brent brands are traded at 97.03 dollars.
In the state budget of Azerbaijan this year, the price of oil is laid at 85 US dollars.
Recall that the minimum oil price Azeri Light was recorded on April 21, 2020 ($ 15.81), and the maximum – in July 2008 (149.66 US dollars).
In Azerbaijan, oil is produced mainly as part of an agreement on the development of the Azeri-Chirag-Guneshi deposits block (ACHG). The share of the state oil company (SOCAR) in the contract is 25%.