Economy

Price of Azerbaijani oil declines on global markets

2 Oktyabr 09:45 | 276

The price of Azerbaijani crude oil brand Azeri Light (CIF) has dropped on world markets, SİA reports

The price per barrel of Azeri Light fell by $0.25, or 0.36 percent, to $69.61, from $69.86.

Azerbaijan’s state budget for this year is based on an average price of $70 per barrel for Azeri Light crude.

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