Azerbaijani oil rises in price

  14 May 2020    Read: 631
  Azerbaijani oil rises in price

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, reached $31.2 per barrel on May 13, which is $0.42 more compared to May 12, AzVision.az reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $30.15 per barrel on May 13, which is $0.47 more compared to May 12.

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 $28.55 per barrel on May 13, which is $0.37 more compared to May 12.

The cost of a barrel of Brent Dated oil, produced in the North Sea, reached $28 per barrel, demonstrating a rise of $1.55.


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