The price of Azerbaijan's "Azeri Light" (CIF) oil has decreased in global markets, Azernews reports.

The price of one barrel of Azerbaijani oil has dropped by 2.27 USD, or 3%, reaching 73.63 USD.

It should be noted that the lowest price of "Azeri Light" oil was recorded on April 21, 2020, at $15.81 per barrel, while the maximum price was noted in July 2008, at $149.66 per barrel.

In Azerbaijan, oil is mainly produced within the framework of the agreement on the development of the "Azeri-Chirag-Gunashli" (ACG) field block, in which the State Oil Company of Azerbaijan (SOCAR) holds a 25% share.