Azerbaijani oil prices up

  23 April 2020    Read: 1030
 Azerbaijani oil prices up

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, amounted to $16.61 per barrel on April 22, which is 80 cents more compared to the previous price, AzVision.az reports citing the source in the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $14.55 per barrel on April 22, which is 30 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 through the Baku-Novorossiysk oil pipeline.

The price of URALS with shipment from the port amounted to $14.65 per barrel on April 22, which is 42 cents more compared to the previous price.

The price of a barrel of Brent Dated oil, produced in the North Sea, amounted to $14.21 per barrel, showing an increase of 97 cents.


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