A barrel of Azeri oil is now cheaper than a bottle of Armenian cognac

A barrel of Azeri oil is now cheaper than a bottle of Armenian cognac

PanARMENIAN.Net - Azerbaijani oil prices have noticeably fallen recently, which means a barrel of crude oil is now cheaper than a bottle of Armenian brandy.

According to director of the Center for Oil Studies at Caspian Barrel Ilham Shaban, a barrel of Azerbaijani oil is now worth $16.43. A liter of 7-year-old Armenian cognac, meanwhile, costs some $20.

Azeri LT CIF oil was the cheapest in December 2001 when a barrel was worth $19.15, while the cost had jumped to $149.66 in July 2008.

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