Crude prices on world markets
The price of oil continued falling in the world markets.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.52 to stand at $38.60. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.60 to trade at $39.31.
The price of a barrel of Azeri Light crude oil decreased $0.93 to stand at $40.26 on the world markets.
SOCAR produced 8.16 million tons of oil in 2015, compared to 8.32 million tons in 2014. In total, 41.59 million tons of oil was produced in Azerbaijan in 2015, compared to 42.02 million tons in 2014, according to the company.
The country produced around 0.8 million barrels of oil per day in 2015 while the world export production stood at 95.71 million barrels per day.
Azerbaijan received $2 million in the form of bonuses for oil contracts in 2015 (versus $17 million in 2014).
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