The price of Azeri LT FOB Ceyhan amounted to $34.39 per barrel on May 27, which is 87 cents less 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 it through the Baku-Novorossiysk oil pipeline.
The price of URALS with shipment from the port amounted to $34.15 per barrel on May 27, which is 78 cents less compared to the previous price.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $32.61 per barrel on May 27, showing a decrease of 79 cents.
(1 USD = 1.7 AZN on May 28)
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