Azerbaijani oil prices up
By Trend
The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $71.10 per barrel at Italian port of Augusta on September 16, which is $7.36 more than the previous price, a source in Azerbaijan's oil and gas market told Trend on September 17.
On September 16, the AZERI Light FOB Ceyhan oil price was $70.32 per barrel, which is $7.35 more compared to the previous price.
Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines and by rail to the Georgian port of Batumi. Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.
The price for URALS-NOVO with shipment from port was $66.43 per barrel on Sept. 16, which is $8.05 more than the previous price.
The price for a barrel of Brent Dated, produced from the North Sea, stood at $68.20 on Sept. 16, or $7.11 more than the previous price.
(1 USD = 1.7 AZN on September 17)
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!