Bank Of Baku

Azeri oil price is lower than budget limit

Azeri oil price is lower than budget limit
# 11 June 2012 13:56 (UTC +04:00)
SOCAR Marketing and Economic Operations Department says Azeri Light‘s price decreased by $ 2.49 to $99.54.

Remind that, after amendments in the state budget a few days ago, the base price of oil in the budget rose from $80 to $100. Consequently, the oil price is lower than budget.

Along with this, during 5 months of 2012, Azeri oil price in world market was higher than considered in the budget.
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