Bank Of Baku

Azeri oil price was 41% higher than budget forecast, last year

Azeri oil price was 41% higher than budget forecast, last year
# 05 January 2012 10:09 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. The average price of Azeri oil made 113.57 USD/barrel in the world market, said the SOCAR Marketing and Economic Operations Department, $33.57 or 41% higher than budget forecast.

Last year, the highest price of Azeri oil was $129.2 ($49.2 or 61% higher than budget price), the lowest price - $94.6 ($14.6 or 18% higher than budget price).

The highest price of oil was recorded on April 11, 2011, the lowest – on January 4, 2011.
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