Azerbaijani oil prices decrease

  27 August 2021    Read: 310
Azerbaijani oil prices decrease

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 17 cents on August 26 compared to the previous price, settling at $70.44 per barrel, AzVision.az reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on August 26 amounted to $69.75 per barrel, down by 18 cents as 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 $67.05 per barrel on August 26, having shrunk by 35 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea lowered by 39 cents compared to the previous price and amounted to $70.94 per barrel.


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