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Azerbaijani oil prices drop

Oil&Gas Materials 25 April 2015 12:29 (UTC +04:00)

Baku, Azerbaijan, Apr.25

By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $65.33 per barrel on April 24, or $0.16 per barrel less compared to the price on April 23, the State Oil Company of Azerbaijan told Trend April 25.

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 $64.25 per barrel or $0.17 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 $62.37 per barrel on April 24 or $1.47 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $62.87 per barrel on April 24, or $0.11 per barrel less than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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