Baku, Azerbaijan, March 20. The price of
Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian
port of Augusta on March 17 decreased by $0.09 (0.1 percent)
compared to the previous rate, now sitting at $72.81 per barrel,
Trend reports,
citing a source in the country’s oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri
Light also went down by $0.08 (0.11 percent) to $71.48 per
barrel.
The price of URALS crude declined by $0.07 (0.21 percent) from
the previous rate, amounting to $56.44 per barrel.
North Sea benchmark crude, Dated Brent, was $0.53 (0.29 percent)
less than the previous rate, at $71.52 per barrel.
The official exchange rate as of March 20 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.
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