Azerbaijan record increase in oil prices

  29 April 2021    Read: 1194
Azerbaijan record increase in oil prices

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by $1.75 on Apr.28 compared to the previous price, making up $67.07 per barrel, AzVision.az reports citing Trend.

The price of Azeri LT FOB Ceyhan amounted to $66.41 per barrel on Apr. 28, which is $1.72 more 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 reached $64 per barrel on Apr. 28, having risen by $1.76 compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $67.5 per barrel, up by $1.82 compared to the previous price.


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