Azernews.Az

Monday, November 2, 2026

Azerbaijani oil prices for last week

22 February 2016 14:36 (UTC+04:00)
Azerbaijani oil prices for last week

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $33.91 per barrel on Feb. 15-19 or $1.51 per barrel more than the previous week.

The maximum price for AZERI LT was $34.88 per barrel and the minimum price was $32.54 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia - via the Baku-Supsa pipeline and railway.

Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $29.77 per barrel on Feb. 15-19 or $1.68 per barrel more than the previous week.

The maximum price for Urals totaled $30.84 per barrel and the minimum - $28.25 per barrel.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.

SOCAR plans to pump 1.4 million tons of oil through the pipeline in 2016.

The average price for Brent Dated was $32.7 per barrel on Feb. 15-19 or $2.3 per barrel more than the previous week.

The maximum price for Brent was $33.72 per barrel and the minimum - $31.38 during the reporting period.

---

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