Azerbaijani oil price slightly rises

    ECONOMICS  10 August 2022 - 10:02

    The price tag per one barrel of the Azeri Light oil on the world market increased by $0.17 or 0.2 per cent to $98.91.

    On the stock exchanges, October futures for Brent crude are traded at $96.05, Report informs citing a source in the oil market.

    In the state budget of Azerbaijan for this year, the price of oil is set at $85.

    The minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum price in July 2008 ($149.66).

    In Azerbaijan, oil is produced mainly within the product sharing agreements on the development of the Azeri Chirag-Deepwater Guneshli (ACG) block of fields. The share of the state-owned oil company SOCAR in the contracts is 25 per cent.

    Caliber.Az




Read also

Azerbaijani representative attends part II of 55th ADB annual meeting

29 September 2022 - 19:24

EU announces Russian oil price cap in new sanctions plan

29 September 2022 - 16:20

Azerbaijan invites Pakistani tech firms to set up research centres

29 September 2022 - 15:18

Azerbaijan, Türkiye can deepen energy cooperation

28 September 2022 - 16:40

Azerbaijan, Türkiye discuss opportunities to support technology start-ups

28 September 2022 - 14:10

Azerbaijan, Uzbekistan discuss roadmap for energy cooperation

28 September 2022 - 12:35
ADVERTS
Latest news

    POLITICO: Calls grow for China and India to talk sense into Putin

    30 September 2022 - 06:00

    Virgin Atlantic changes gender policy and uniform rules

    30 September 2022 - 05:30

    Volkswagen to list its Porsche brand as separate company

    30 September 2022 - 05:00

    Chinese banks told to be ready for selling dollars in offshore markets

    30 September 2022 - 04:30

    Canadian army dismisses 299 servicemen for refusing to get COVID vaccine

    30 September 2022 - 04:00

    Four grandchildren of Denmark's Queen Margrethe lose royal titles

    30 September 2022 - 03:30

    Full control over Donetsk requires to continue fighting, says Kremlin official

    30 September 2022 - 03:00

    Dust-free radiators help save energy costs

    30 September 2022 - 02:30

    Pension reform triggers first major strike against Macron since his re-election

    30 September 2022 - 02:00

    Russian mainstream media getting overwhelmed with antisemitism

    30 September 2022 - 01:30

    Swiss voters support increase in women's retirement age

    30 September 2022 - 01:00

    Israel to allocate funds for immigrants fleeing Russia

    30 September 2022 - 00:31

    France to close another mosque

    30 September 2022 - 00:00

    Russia's army: An overestimated power in the war against Ukraine

    Analysis by Deutsche Welle

    29 September 2022 - 23:30

    BBC to cut 382 jobs, close two radio stations

    29 September 2022 - 23:00

    Apple blocks Russian social media, communication sites

    29 September 2022 - 22:30

    Politico: Calls grow for China and India to talk sense into Putin

    29 September 2022 - 22:01

    US, South Korea, Japan to begin joint anti-submarine drills on Sep 30

    29 September 2022 - 21:30

    Turkish Aerospace, Kazsat, Ghalam sign cooperation agreement in space technologies

    29 September 2022 - 21:00

    Italy considers referendums in Ukraine’s Donbas, Kherson, Zaporizhzhya illegal

    29 September 2022 - 20:50

    Turkish FM: Azerbaijan's role in energy security increases

    29 September 2022 - 20:45

    FM: Estonia to refuse Russian gas from 2023

    29 September 2022 - 20:35

    Russian railway executive found shot to death on his balcony

    29 September 2022 - 20:25

    Germany’s vice-chancellor: Energy crisis may turn into socio-economic one

    29 September 2022 - 20:15

    Ethiopia, Somalia eye shift from military to economic cooperation

    29 September 2022 - 20:00

    Embassy: Finland to accept applications from Russians for humanitarian visas

    29 September 2022 - 19:48

    Azerbaijani FM: Armenia hinders international efforts on normalisation process

    29 September 2022 - 19:30

    Eurovision 2023: Liverpool and Glasgow are the final two host city candidates

    29 September 2022 - 19:30

    Azerbaijani representative attends part II of 55th ADB annual meeting

    29 September 2022 - 19:24

    Armenia preparing for new war

    Azerbaijan warned and well-armed

    29 September 2022 - 19:18

    US to supply Ukraine with HIMARS more than double

    29 September 2022 - 19:15

    Dramatic before, after images show scale of Hurricane Ian’s destruction in Florida

    29 September 2022 - 19:03

    Greece offers EU to create €80 billion fund to offset gas prices

    29 September 2022 - 19:00

    Russia's international reserves fall by $8 billion in week

    29 September 2022 - 18:51

    Finnish intelligence: Joining NATO could make country as target of Russian operations

    29 September 2022 - 18:50

    Turkish FM: Special representatives work to normalize relations with Armenia

    29 September 2022 - 18:43

    Russian defence company Kalashnikov increases production of light weapons

    29 September 2022 - 18:40

    Armenia unveils losses of September 28

    29 September 2022 - 18:37

    Bulgaria rejects Ukraine's request for heavy weapons

    29 September 2022 - 18:20

    US defeats Russia to head UN telecoms agency in fight for internet’s future

    29 September 2022 - 18:17

    Türkiye postpones meeting of special reps due to Armenia’s provocation

    29 September 2022 - 18:10

    “Criticism towards CSTO - unfounded”

    Russian MFA harshly responds to Armenia

    29 September 2022 - 18:08

    China and Zangazur corridor

    Expert Yuri Poyta comments on Middle Kingdom's interests

    29 September 2022 - 18:05

    Turkish defence chief: “PKK could never represent our Kurdish brothers”

    VIDEO

    29 September 2022 - 17:55

    US claims small risk of using nuclear weapons by Russia

    29 September 2022 - 17:40

All news