Accra:The price of Azerbaijan’s Azeri Light crude oil has declined in world markets. The cost per barrel decreased by $0.75, or 0.6%, reaching a new price of $124.01.
According to Azeri-Press news agency, the previous price for a barrel of Azerbaijani oil was $124.76.
It’s notable that Azerbaijan’s state budget for this year was based on an average oil price of $65 per barrel for Azeri Light crude oil.