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Azerbaijani oil prices for March 7-11

Oil&Gas Materials 12 March 2016 14:38 (UTC +04:00)
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $40.73 per barrel on March 7-11 or $3.3 per barrel more than the previous week.
Azerbaijani oil prices for March 7-11

Baku, Azerbaijan, March 12

By Maksim Tsurkov - Trend:

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $40.73 per barrel on March 7-11 or $3.3 per barrel more than the previous week.

The maximum price for AZERI LT was $41.45 per barrel and the minimum price was $40.24 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia - via the Baku-Supsa pipeline and railway.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $36.48 per barrel on March 7-11 or $3.31 per barrel more than the previous week.

The maximum price for Urals totaled $37.34 per barrel and the minimum - $36.08 per barrel on March 7-11.

The average price for Brent Dated was $39.16 per barrel on March 7-11 or $2.98 per barrel more than the previous week.

The maximum price for Brent was $39.91 per barrel and the minimum - $38.59 during the reporting period.

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Follow the author on Twitter: @MaksimTsurkov

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