Azerbaijan oil prices increase in world markets

  22 May 2021    Read: 460
Azerbaijan oil prices increase in world markets

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 38 cents on May 21 compared to the previous price, reaching $66.88 per barrel, AzVision.az reports citing Trend.

The price of Azeri LT FOB Ceyhan amounted to $66.24 per barrel on May 21, increasing by 36 cents 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 reached $63.84 per barrel on May 21, having risen by 10 cents compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $66.89 per barrel, an increase of 29 cents compared to the previous price.


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