Azerbaijani oil prices continue to rise
By Trend
The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $85.94 per barrel at the Italian port of Augusta on October 1, or $1.16 more than on Sept. 28, a source in Azerbaijan's oil and gas market told Trend Oct. 2.
The AZERI Light FOB Ceyhan oil price was $85.11 per barrel on October 1, or $1.16 more than on Sept. 28.
Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.