Azerbaijani Oil Shows Surge In Price

On a FOB basis in the Turkish port of Ceyhan, the price of AzeriLight went up by $0.01 (0.01 percent) to $72.

61 per barrel. The price of URALS crude rose by $0.19 (0.



33 percent) from theprevious rate, amounting to $57.77 per barrel. North Sea benchmark crude, Dated Brent, was $0.

01 (0.01 percent)more than the previous rate, at $72.55 per barrel.

The official exchange rate as of March 22 is 1.7 AZN/1 USD. Theaverage price of a barrel of oil in the state budget of Azerbaijanfor 2025 is estimated at $70.

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