Average price for Azeri oil for six months of 2011 amounted to $ 114.36

Price of Azerbaijani oil has fallen slightly in world market.

According to SOCAR Marketing and Economic Operations Department, on July 11, Azeri Light oil reached $ 119.45 a barrel by dropping $1.32 in London Stock.

Despite this reduction, price of Azeri oil in the markets exceeds the price in the budget. So, for six months of 2011 average oil price made $114.36, up $34.36 or 43% of the budget.


/APA/