Azerbaijani oil prices rise

  13 May 2020    Read: 824
  Azerbaijani oil prices rise

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, reached $30.78 per barrel on May 12, which is $0.12 more compared to May 11. 

The price of Azeri LT FOB Ceyhan amounted to $29.68 per barrel on May 12, which is $0.1 less compared to May 11.

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 $28.18 per barrel on May 12, which is $0.1 less compared to May 11.

The cost of a barrel of Brent Dated oil, produced in the North Sea, reached $26.45 per barrel, demonstrating a rise of $0.98.


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