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Azerbaijani oil prices decrease May 14

Oil&Gas Materials 15 May 2015 11:24 (UTC +04:00)

Baku, Azerbaijan, May 15
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $67.68 per barrel on May 14, or $0.9 per barrel less compared to the price on May 13, the State Oil Company of Azerbaijan told Trend May 15.

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 $66.61 per barrel or $0.99 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 $64.41 per barrel on May 14 or $1.17 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $65.66 per barrel on May 14, or $0.99 per barrel less than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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