Azerbaijani Oil Moves Up In Price

On an FOB basis in the Turkish port of Ceyhan, the price ofAzeri Light went up by $0.9 (1.35 percent) to $67.

54 perbarrel. Meanwhile, the price of URALS crude increased by $0.87 (1.



65percent) from the previous rate, amounting to $53.31 perbarrel. North Sea benchmark crude, Dated Brent, rose by $0.

81 (1.2percent) in price from the previous rate and reached $68.45 perbarrel.

The official exchange rate as of April 18 is 1.7 AZN/1 USD. The average price of a barrel of oil in the state budget ofAzerbaijan for 2025 is estimated at $70.

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