Average price of Azeri oil to exceed $100 in 2008
The sales price of Azerbaijan`s oil will stand at over $100 a
barrel in 2008, a lawmaker has said.
The Azerbaijan International Operating Company (AIOC) was selling crude, on average, for $96.50 in the first quarter of the year, for $102.80 in Q2, and $116 in Q3, said Ziyad Samadzada, chairman of the parliamentary commission on economic policy. In summarizing the figures, the average price per barrel of Azerbaijani oil was $111 as of nine months of 2008.
The oil price was estimated at $70 a barrel in the 2008 state budget.
The Azerbaijan International Operating Company (AIOC) was selling crude, on average, for $96.50 in the first quarter of the year, for $102.80 in Q2, and $116 in Q3, said Ziyad Samadzada, chairman of the parliamentary commission on economic policy. In summarizing the figures, the average price per barrel of Azerbaijani oil was $111 as of nine months of 2008.
The oil price was estimated at $70 a barrel in the 2008 state budget.
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