Baku, Azerbaijan, July 16
By Maksim Tsurkov – Trend:
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $48.24 per barrel on July 11-15 or $0.23 per barrel less than the previous week.
The maximum price for AZERI LT was $49.18 per barrel and the minimum price was $47.24 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.
Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $43.75 per barrel on July 11-15 or $0.75 per barrel less than the previous week.
The maximum price for Urals totaled $44.4 per barrel and the minimum - $42.78 per barrel on July 11-15.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port. SOCAR plans to pump 1.4 million tons of oil through the pipeline in 2016.
The average price for Brent Dated was $45.65 per barrel on July 11-15 or $0.3 per barrel less than the previous week.
The maximum price for Brent was $46.55 per barrel and the minimum - $44.74 during the reporting period.
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