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 $62.75 per barrel at the Italian port of Augusta on Jan. 16, or $1.23 more than on Jan. 15, a source in Azerbaijan's oil and gas market told Trend Jan. 17.
The AZERI Light FOB Ceyhan oil price was $61.69 per barrel on Jan. 16, or $1.32 more than on Jan. 15.
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.