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Azerbaijani oil prices up Sept. 1

Economy Materials 2 September 2015 14:20 (UTC +04:00)
The price of AZERI LT CIF Augusta stood at $51.21 per barrel on Sept.1 or $0.67 per barrel more compared to the price on Aug.28

Baku, Azerbaijan, Sept. 2

By Anvar Mammadov - Trend:

The price of AZERI LT CIF Augusta stood at $51.21 per barrel on Sept.1 or $0.67 per barrel more compared to the price on Aug.28, the State Oil Company of Azerbaijan told Trend Sept.2.

No trade was held Aug.31 due to the holiday.

Azeri Light oil is produced from the Azeri-Chirag-Gunashli offshore fields. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, and to the Georgian port of Supsa via the Baku-Supsa pipeline.

AZERI LT FOB Ceyhan oil price was $50.44 per barrel or $0.68 per barrel more than the previous price.

Azerbaijan also exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.

The price of URALS (EX-NOVO) was $47.67 per barrel on Sept.1 or $48.97 per barrel more than the previous price.

The price of Brent Dated, produced from the North Sea, was $48.97 per barrel on Sept.1, or $0.7 per barrel more than the previous price.

Edited by CN

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