Azerbaijani oil prices increase on world markets

  18 August 2022    Read: 422
Azerbaijani oil prices increase on world markets

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 50 cents on August 17 compared to the previous price, amounting to $94.61 per barrel, AzVision.az reports.

The price of Azeri LT FOB Ceyhan on August 17 amounted to $93.04 per barrel, also up by 50 cents 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 $71.76 per barrel on August 17, lowering by 54 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea decreased by $2.99 compared to the previous price and made up $93.27 per barrel.


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