Azerbajiani oil price drops on world markets 

  10 March 2022    Read: 366
Azerbajiani oil price drops on world markets 

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $8.87 on Mar. 9 compared to the previous price, settling at $127.12 per barrel, AzVision.az reports. 

The price of Azeri LT FOB Ceyhan on Mar. 9 amounted to $125.76 per barrel, down by $8.76 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 equaled $95.18 per barrel on Mar. 9, reducing by $8.09 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea lowered by $8.12 compared to the previous price and made up $129.52 per barrel.


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