Azeri Light crude reaches $19

  24 April 2020    Read: 850
  Azeri Light crude reaches $19

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.13 to stand at $18.74.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $18.74 per barrel on April 23, which is $2.13 more compared to April 22.

The price of Azeri LT FOB Ceyhan amounted to $16.68 per barrel on April 23, which is $2.13 more compared to April 22.

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 oil pipeline.

The price of URALS with shipment from the port amounted to $17.22 per barrel on April 23, which is $2.57 more compared to April 22.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $16.3 per barrel, indicating an increase of $2.09.

(1 USD = 1.7 AZN on April 24)


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