Baku: The average export price of 1 barrel of Azeri Light (CIF) oil on the global market for the period from January to July 2025 has been disclosed. The data was revealed in a report by APA-Economics.
According to Azeri-Press News Agency, the average price of Azerbaijani oil for the first seven months of the year stood at 73.6 US dollars per barrel. The highest recorded price during this period was 84.78 US dollars, while the lowest was 63.25 US dollars.
It is also noted that by the end of 2025, Azerbaijan’s state budget revenues are projected to reach 39 billion 192 million manat. This figure represents an increase of 836 million manat, or 2.2 percent, over the approved forecast. The oil and gas sector is expected to contribute 49.1 percent, equivalent to 19 billion 243 million manat, to the state budget, while the non-oil and gas sector is anticipated to contribute 50.9 percent, or 19 billion 949 million manat. Compared to the approved figures, revenues from the oil and gas sector are projected to increase by 470 million manat, or 2.5 percent, and from the non-oil and gas sector by 366 million manat, or 1.9 percent.