Azerbaijani oil is expensive than European Brent

  11 February 2013    Read: 1006
Azerbaijani oil is expensive than European Brent
This year Azerbaijan sells oil at $114 a barrel on average
In the monetary policy report for the first three quarters of 2012 the Central Bank of Azerbaijan says of growth of the average export cost of Azeri oil.

The report says that for Jan-Sept 2012 main export grade BTC FOB was sold at an average price of $114 per barrel compared to the average price of European grade Brent at $112.4. A quarter earlier the price was $115 and $114 respectively.

In 2011 main export grade BTC FOB was sold at an average price of $113.7 per barrel compared to the average price of European grade Brent at $111.

Last year, minimum prices for BTC FOB were registered in January ($97.7 per barrel) and maximum ones in April ($126.2).

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