Azernews.Az

Wednesday July 2 2025

Azerbaijani oil price increases

8 April 2020 14:26 (UTC+04:00)
Azerbaijani oil price increases

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $23.97 per barrel on April 8, which is $0.49 more compared to April 7, Trend reports with reference to the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $22.89 per barrel on April 8, which is $0.77 more compared to April 7.

Azerbaijan has been producing Azeri LT since 1997 and exporting via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail, to the Georgian port of Batumi.

Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering through the Baku-Novorossiysk oil pipeline. The price of URALS with shipment from the port amounted to $20.8 per barrel on April 8, which is $0.95 more compared to April 7.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $22.97 per barrel, showing an increase of $0.49.

(1 USD = 1.7 AZN on April 8)

---

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.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more