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The price of Azerbaijani oil, specifically the Azeri Light (CIF) grade, has experienced an increase on international markets.
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The price per barrel rose by $0.63, or 0.90%, reaching $70.79. This marks a rise from the previous price of $70.16 per barrel.
It is worth noting that Azerbaijan’s state budget for the current year was based on an average oil price of $70 per barrel for the Azeri Light grade.
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