On March 19th, the price of a barrel of Azerbaijani oil of the "AzeriLight" brand has risen to 117,79 dollars.
Medianews.az reports that in the state budget for 2026, a barrel of oil was taken at 65 dollars, and "AzeriLight" started at 65.71 dollars in January, 69.72 in February, and 79.60 dollars in March.
Oil prices have sharply increased amid the wave of military operations against Iran conducted by the US and Israel since February 28. Tensions have created significant obstacles to production and transport in oil-exporting Middle Eastern countries.
The international coalition of exporters has set Azerbaijan’s daily crude oil production quota at 551 thousand barrels.
Including condensate, oil production was 50.8 million tons in 2010, 50.4 million tons in 2009, 45.6 million tons in 2011, 44.5 million tons in 2008, 43.5 million tons in 2013, 43.4 million tons in 2012, 42 million tons in 2014, 41.6 million tons in 2015, 41 million tons in 2016, 38.8 million tons in 2018, 38.7 million tons in 2017, 37.4 million tons in 2019, 34.6 million tons in 2021, 34.5 million tons in 2020, 32.6 million tons in 2022, 30.2 million tons in 2023, 29.1 million tons in 2024, 27.7 million tons in 2025, and 4.3 million tons in January-February 2026.
Medianews.az