Azerbaijani oil prices rise

  02 September 2020    Read: 980
Azerbaijani oil prices rise

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Gunashli (ACG) field, increased by 7 cents on September 1 equaling $45.92 per barrel, AzVision.az reports with citing the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $45.38 per barrel on September 1, which is 7 cents more 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 pipeline.

The price of URALS with shipment from the port made up $44.43 per barrel on September 1, having increased by 6 cents.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $44.31 per barrel, decreasing by 57 cents compared to the previous price.

 


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