Baku: Azerbaijani oil of the Azeri Light (CIF) brand has risen in price on world markets. The price of one barrel of Azerbaijani oil increased by USD 0.47, or 0.74%, reaching USD 63.87.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 63.4. In Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil was calculated at USD 70.