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Azerbaijani oil prices for Aug. 1-5

Oil&Gas Materials 6 August 2016 17:23 (UTC +04:00)

Baku, Azerbaijan, Aug. 6

Anvar Mammadov – Trend:

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $43.74 per barrel on Aug. 1-5 or $1.4 per barrel less than the previous week.

The maximum price for AZERI LT was $44.88 per barrel and the minimum price was $42.82 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 $39.5 per barrel on Aug. 1-5 or $1.89 per barrel less than the previous week.

The maximum price for Urals totaled $40.37 per barrel and the minimum - $38.74 per barrel on Aug. 1-5.

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

The average price for Brent Dated was $41 per barrel on Aug. 1-5 or $1.78 per barrel less than the previous week.

The maximum price for Brent was $42.01 per barrel and the minimum - $40.26 during the reporting period.

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