ACG

SOCAR increases its share in ACG project to 35.3%

Azerbaijan's state oil company SOCAR has bought ITOCHU's stake in the Azeri-Chirag-Gunashli field development project, raising its share to 35.3%.

Price of Azerbaijani Oil Falls

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market fell by $0.67, or 0.83%, to $79.76 per barrel.

Azeri Light Drops to $80 per Barrel

The price of Azeri Light crude fell by $2.52 to $80.43 per barrel. Azerbaijan's state budget for this year assumes an oil price of $65 per barrel.