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Azerbaijani oil prices drop

Oil&Gas Materials 16 June 2015 20:03 (UTC +04:00)

Baku, Azerbaijan, June 16
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $63.86 per barrel on June 15, or $1.31 per barrel less compared to the price on June 12, the State Oil Company of Azerbaijan told Trend June 16.

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 $62.58 per barrel or $1.31 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 $60.76 per barrel on June 15 or $1.37 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $61.59 per barrel on June 15, or $1.46 per barrel less than the previous price.
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Follow the author on Twitter: @MaksimTsurkov

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