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Azerbaijani oil prices drop

Oil&Gas Materials 4 July 2015 16:57 (UTC +04:00)

Baku, Azerbaijan, July 4

By Azad Hasanli - Trend:

The price of AZERI LT CIF Augusta stood at $61.29 per barrel on July 3 or $2.32 per barrel less compared to the price on July 2, the State Oil Company of Azerbaijan told Trend July 4.

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 $60.16 per barrel or $2.3 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 $58.05 per barrel on July 3 or $2.48 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $59.11 per barrel on July 3, or $2.4 per barrel less than the previous price.

Edited by SI

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Follow the author on Twitter: @AzadHasanli

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