Average price of Azeri Light oil in 1st half of 2021 was $65.43 a barrel

16:49 - 7.07.2021

July 7, Fineko/abc.az. The average price of Azerbaijan’s oil grade Azeri Light on CIF delivery terms in the 1st half of 2021 was $65.43 per barrel.

ABC.AZ reports that this was stated by deputy head of the SOCAR Event Organizing & Public Relations Departemnt Ibrahim Ahmadov.

"The average price of Azeri Light on the terms of CIF delivery for Jan-Jun 2021 was $65.43 a barrel," he said.

Ahmadov also noted that for the same period of 2020 the average price of Azeri Light on CIF delivery terms was $42.75 per barrel.

Thus, the cost of Azeri Light increased by $22.68 or 53.1% compared with the 2020 same term.

 

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