Baku, Azerbaijan, April 29. The price of
Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian
port of Augusta on April 29 decreased by $0.95 (1.41 percent)
compared to the previous rate, now sitting at $66.26 per barrel,
Trend reports,
citing a source in the country’s oil and gas market.
On an FOB basis in the Turkish port of Ceyhan, the price of
Azeri Light went down by $0.95 (1.45 percent) to $64.52 per
barrel.
Meanwhile, the price of URALS crude decreased by $1.04 (1.99
percent) from the previous rate, amounting to $51.2 per barrel.
North Sea benchmark crude, Dated Brent, dipped by $1.33 (2.02
percent) in price from the previous rate and reached $65.68 per
barrel.
The official exchange rate as of April 30 is 1.7 AZN/1 USD.
The average price of a barrel of oil in the state budget of
Azerbaijan for 2025 is estimated at $70.