Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has seen a slight decrease in world markets. The price of one barrel of Azerbaijani oil has dropped by USD 0.25 or 0.36%, amounting to USD 69.61.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 69.86. It is important to note that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light brand oil has been calculated at USD 70.