Azerbaijani oil prices go up

  14 July 2020    Read: 1273
Azerbaijani oil prices go up

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.52 per barrel on July 13, which is 35 cents more compared to the previous price, according to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $43.90 per barrel on July 13, which is 33 cents more compared to the previous price.

Azerbaijan has been producing Azeri LT since 1998 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 pipeline.

The price of URALS with shipment from the port amounted to $43.88 per barrel on July 13, which is 92 cents more compared to the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $43.64 per barrel on July 13, showing growth by 52 cents.


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