Baku, Azerbaijan, Aug. 8
By Azad Hasanli - Trend:
The price of AZERI LT CIF Augusta stood at $50.26 per barrel on August 7, the State Oil Company of Azerbaijan told Trend August 8.
The oil price decreased August 7 by $0.06 per barrel compared to August 6.
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 $49.6 per barrel, which is $0.22 per barrel more 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 $48.9 per barrel on August 7 or $2.82 per barrel more than the previous price.
The price of Brent Dated, produced from the North Sea, was $47.7 per barrel on August 7, or $0.13 per barrel less than the previous price.