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By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) sold $55 million to the local banks at the foreign exchange auction held with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on February 16, 2021, Trend reports citing the country s CBA. The demand from banks at the auction, as compared to the previous indicator, decreased by 2 percent and was fully met. At the end of the auction, the weighted average rate of the manat to the dollar amounted to 1.7 AZN / USD. The first foreign exchange auction for a long time was held with the participation of SOFAZ on March 10, 2020, during which Azerbaijani banks purchased $323.2 million. ....
By Zeyni Jafarov â Trend: The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $62.02 per barrel last week (from Feb. 8 through Feb. 12), which is growth by $3.11 (5.3 percent) compared to the previous price, Trend reports. Last week, the maximum price for Azeri Light CIF oil amounted to $62.77 per barrel, while the minimum - $61.11. The average price of Azeri LT FOB Ceyhan amounted to $61.4 per barrel last week, up to $3.13 (5.4 percent) compared to the previous indicator. The maximum price for Azeri LT FOB Ceyhan amounted to $62.14 per barrel, while the minimum - $60.49. Last week, the average price of URALS oil sold by Azerbaijan in the Russian Port of Novorossiysk amounted to $59.06 per barrel, showing an increase of $2.38 (4.2 percent) compared to the previous week. ....