Prices for Azerbaijani oil continue sliding
By Trend
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Gunashli (ACG) field, decreased by 55 cents on August 27 compared to the previous price, resulting in $45.71 per barrel, Trend reports with reference to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $45.17 per barrel on August 27, which is 52 cents less 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 made up $44.1 per barrel on August 27, having slipped by 33 cents.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $44.82 per barrel, down 68 cents compared to the previous price.
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