Accra:The price of Azerbaijani Azeri Light (CIF) crude oil has climbed on global markets. The price increased by $2.27, or 1.95%, reaching $118.53 per barrel.
According to Azeri-Press news agency, the previous price of Azerbaijani oil was $116.26 per barrel.
It is noteworthy that Azerbaijan’s state budget for the current year was based on an average price of $65 per barrel for Azeri Light crude oil.