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Azerbaijani oil price drops May 28

Oil&Gas Materials 29 May 2015 12:27 (UTC +04:00)

Baku, Azerbaijan, May 29
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $62.61 per barrel on May 28, or $1.03 per barrel less compared to the price on May 27, the State Oil Company of Azerbaijan told Trend May 29.

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 $61.28 per barrel or $1.05 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 $59.19 per barrel on May 28 or $1.03 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $60.73 per barrel on May 28, or $1.03 per barrel less than the previous price.

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follow the author on Twitter: @MaksimTsurkov

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