Azerbaijani oil prices down

  28 July 2020    Read: 653
  Azerbaijani oil prices down

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $43.55 per barrel on July 27, which is 62 cents less compared to the previous price. 

The price of Azeri LT FOB Ceyhan amounted to $42.93 per barrel on July 27, which is 61 cents less 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 $41.47 per barrel on July 27, which is 76 cents less compared to the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $42.1 per barrel on July 27, showing a growth by 10 cents.


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