Azerbaijani oil price drops on world markets 

  18 October 2022    Read: 191
Azerbaijani oil price drops on world markets 

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.7 on October 17 compared to the previous price, amounting to $94.44 per barrel, AzVision.az reports. 

The price of Azeri LT FOB Ceyhan on October 17 amounted to $92.54 per barrel, down by $1.69 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 $64.52 per barrel on October 17, lower by $1.44 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $1.43 compared to the previous price and made up $91.45 per barrel.

(1 USD = 1.7 AZN on October 18)


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