Azerbaijani oil prices up in world markets

  18 September 2021    Read: 280
Azerbaijani oil prices up in world markets

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by 60 cents on Sept.17 compared to the previous price, reaching $76.73 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 Sept.17 totaled $76.08 per barrel, increasing by 96 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 $71.37 per barrel on Sept.17, having risen by 12 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea grew by 19 cents compared to the previous price and made up $74.25 per barrel.


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