Bank Of Baku

Azeri oil price exceeds budget limit

Azeri oil price exceeds budget limit
# 04 July 2012 14:59 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. Azeri oil price rose sharply at the world market.

SOCAR Marketing and Economic Operations Department says Azeri Light‘s price increased by $ 4.62 to $102.13. So, for the first time crude price has exceeded the budget limit.

Remind that, base prie of oil in state budget-2012 is determined at $100 per barrel.
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