Azerbaijani oil prices increase on world markets

  28 September 2021    Read: 202
Azerbaijani oil prices increase on world markets

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, surged by $1.69 on September 27 compared to the previous price, reaching $80.77 per barrel, AzVision.az reports citing the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on September 27 totaled $80.09 per barrel, increasing by $1.67 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 $75.6 per barrel on Sept.27, has risen by $1.68 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $1.78 compared to the previous price and made up $79.12 per barrel.


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