On November 4, the barrel of Azerbaijani oil branded "AzeriLight" is being sold for $66.43. This is an increase of 56 cents from the starting price of the month.
Medianews.az reports that in the 2025 state budget, one barrel of oil is taken at $70, with "AzeriLight" starting January at $79, February at $78.52, March at $75.68, April at $78.29, May at $65.13, June at $68.82, July at $72.01, August at $72.70, September at $70.54, October at $69.86, and November at $65.87.
Between January and September, 20.7 million tons of oil including condensate were produced in the country, and crude oil and crude oil products worth $8.9 billion were exported abroad.
The OPEC+ coalition for exporters has set the crude oil production quota for Azerbaijan at 551 thousand barrels.
OPEC includes the United Arab Emirates, Equatorial Guinea, Algeria, Iraq, Iran, Congo, Kuwait, Libya, Gabon, Nigeria, Saudi Arabia, Venezuela, with Azerbaijan, Bahrain, Brazil, Brunei, South Sudan, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan considered partners.
Toğrul Əli,
Medianews.az
