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Azerbaijani oil prices for May 16-20

Oil&Gas Materials 21 May 2016 13:46 (UTC +04:00)
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $50.38 per barrel on May 16-20 or $3.07 per barrel more than the previous week.
Azerbaijani oil prices for May 16-20

Baku, Azerbaijan, May 21

By Maksim Tsurkov - Trend:

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $50.38 per barrel on May 16-20 or $3.07 per barrel more than the previous week.

The maximum price for AZERI LT was $51.16 per barrel and the minimum price was $49.32 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 $45.5 per barrel on May 16-20 or $2.79 per barrel more than the previous week.

The maximum price for Urals totaled $46.29 per barrel and the minimum - $44.51 per barrel on May 16-20.

Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.

The average price for Brent Dated was $48.57 per barrel on May 16-20 or $3.28 per barrel more than the previous week.

The maximum price for Brent was $49.25 per barrel and the minimum - $47.49 during the reporting period.

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Follow the author on Twitter: @MaksimTsurkov

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