Azerbaijani oil prices drop
By Trend
The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $67.62 per barrel at the Italian port of Augusta on Feb. 28, or $0.35 less than on Feb. 27, a source in Azerbaijan's oil and gas market told Trend on March 1.
The AZERI Light FOB Ceyhan oil price was $66.80 per barrel on Feb. 28, or $0.36 less than on Feb. 27.
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.