Azerbaijani oil prices continue to rise
By Trend
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by 33 cents on June 17 compared to the previous price, having reached $42.04 per barrel, Trend reports with reference to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan made up $41.5 per barrel on June 17, which is 32 cents more compared to the previous price.
Azerbaijan has been producing Azeri LT since 1997 and exporting it 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 it through the Baku-Novorossiysk pipeline.
The price of URALS with shipment from the port reached $41.5 per barrel on June 17, showing an increase of 30 cents compared to the previous price.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $40.33 per barrel, having grown by 25 cents.
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