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Azerbaijani oil prices increase May 13

Oil&Gas Materials 14 May 2015 14:21 (UTC +04:00)

Baku, Azerbaijan, May 14
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $68.58 per barrel on May 13, or $1.14 per barrel more compared to the price on May 12, the State Oil Company of Azerbaijan told Trend May 14.

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 $67.6 per barrel or $1.15 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 $65.58 per barrel on May 13 or $1.23 per barrel more than the previous price.

The price of Brent Dated, produced from the North Sea, was $66.65 per barrel on May 13, or $1.33 per barrel more than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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