Azerbaijani oil price decrease

  24 March 2021    Read: 589
Azerbaijani oil price decrease

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $2.07 on Mar.23 compared to the previous price, making up $61.93 per barrel, AzVision.az reports.

The price of Azeri LT FOB Ceyhan amounted to $60.99 per barrel on Mar.23, which is also $2.07 less than 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 amounted to $58.83 per barrel on Mar.23, having shrunk by $2.11 compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, made up $61.89 per barrel, growing by $1.92 compared to the previous price.


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