Price of Azerbaijani oil decreases 

  19 May 2022    Read: 153
Price of Azerbaijani oil decreases 

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $4.76 on May 18 compared to the previous price, settling at $118.42 per barrel, AzVision.az reports citing the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on May 18 amounted to $117.34 per barrel, down by $4.72 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 $74.33 per barrel on May 18, reduced by $5.4 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea lowered by $5.18 compared to the previous price and made up $111.33 per barrel. 


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