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Azerbaijani oil prices drop

Oil&Gas Materials 31 March 2015 16:38 (UTC +04:00)

Baku, Azerbaijan, Mar. 31

By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $57.27 per barrel on March 30, or $2.29 per barrel less compared to the price on March 27, according to the State Oil Company of Azerbaijan (SOCAR).

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 $56.22 per barrel or $2.32 per barrel less 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 $51.94 per barrel on March 30, or $2.52 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $54.36 per barrel on March 30, or $2.27 per barrel less than the previous price.

Edited by CN
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Follow the author on Twitter: @MaksimTsurkov

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