Azerbaijani oil prices show record growth
By Trend
The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $87.10 per barrel at the Italian port of Augusta on October 2, or $1.16 more than on Oct. 1, a source in Azerbaijan's oil and gas market told Trend Oct. 3.
The last time Azerbaijani oil prices crossed the mark of $87 was in 2014.
The AZERI Light FOB Ceyhan oil price was $86.29 per barrel on October 2, or $1.18 more than on Oct. 1.
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.
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