BAKU, Azerbaijan, April 12. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on April 11 grew by $0.45 (0.68 percent) compared to the previous rate, now sitting at $66. 61 per barrel, TurkicWorld 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 up by $0.29 (0.45 percent) to $64.83 per barrel.
Meanwhile, the price of URALS crude rose by $0.49 (0.97 percent) from the previous rate, amounting to $50.75 per barrel.
North Sea benchmark crude, Dated Brent, increased by $0.53 (0.81 percent) in price from the previous rate and reached $65.97 per barrel.
The official exchange rate as of April 12 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.
