The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $3.79 on May 17 compared to the previous price, settling at $123.18 per barrel, AzVision.az referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan on May 17 amounted to $122.06 per barrel, up by $3.79 as compared to the previous price.
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 $79.73 per barrel on May 17, rising by $3.27 as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea grew by $3.37 compared to the previous price and made up $116.51 per barrel.