Baku:The price of Azerbaijani Azeri Light (CIF) crude oil has seen an increase on global markets, according to APA-Economics.
According to Azeri-Press news agency, the price per barrel of Azerbaijani oil rose by $1.15, or 0.97%, reaching $119.68. Previously, the price was $118.53 per barrel.
Azerbaijan’s state budget for the current year is based on an average oil price of $65 per barrel for Azeri Light crude oil.