Azerbaijani oil prices up
By Trend
The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $59.69 per barrel at the Italian port of Augusta on Jan. 7, or $1.42 more than on Jan. 4, a source in Azerbaijan's oil and gas market told Trend Jan. 8.
The AZERI Light FOB Ceyhan oil price was $58.39 per barrel on Jan. 7, or $1.43 more than on Dec. 18.
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.