Azerbaijani oil price grows on world markets
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased $7.62 on March 21, settling at $119.57 per barrel, News.Az reports.
The state budget of Azerbaijan for 2022 sets the average oil price at $50 a barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
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