Price of Azerbaijani Oil Ends the Week Above $76/barrel
The price of a barrel of Azerbaijani oil, Azeri Light, was sold for $76.63 based on CIF contracts on the last day of the past week.
The average price of Azeri Light oil under CIF contracts increased by $0.25 compared to the previous week, reaching $75.67 per barrel. The maximum price during this period was $76.63 per barrel, while the minimum was $74.31 per barrel.
Last week, the average price of Azeri Light oil under FOB contracts at the Turkish port of Ceyhan was $74.17 per barrel, which was $0.30 higher. The maximum price reached $75.16 per barrel, while the minimum was $72.78 per barrel.
Energy
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Since its commissioning, the Garadagh solar power plant has produced 458.8 million kWh of electricity, the Ministry of Energy of Azerbaijan reported. According to the information, the plant, which was officially inaugurated on October 26 last year, is considered a source of "green" energy. It is noted that the total capacity of the plant, built by “Masdar” from the United Arab Emirates, is 230 MW.
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