Azerbaijani oil prices for November 23-27
Baku, Azerbaijan, Nov.28
By Maksim Tsurkov - Trend:
The average price for AZERI LT, exported from Azerbaijan via the Turkish port of Ceyhan and Georgian Batumi and Supsa ports, was $46.01 per barrel on Nov.23-27 or $2.05 per barrel more than the previous week.
The maximum price for AZERI LT, which is produced at the Azeri-Chirag-Guneshli block of Azerbaijani fields, was $46.57 per barrel and the minimum price was $45.84 per barrel during the reporting period.
AZERI LT is delivered to Ceyhan via the BTC and to Georgia - via the Baku-Supsa pipeline, as well as by rail. In 2016 Azerbaijan plans to produce an average of 0.87 million barrels of AZERI LT per day.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $41.17 per barrel or $2.83 per barrel more than the previous week.
The maximum price for Urals totaled $41.52 per barrel and the minimum - $40.63 per barrel on Nov.23-27.
Azerbaijan sells oil at this Russian port, which is delivered via the Baku-Novorossiysk pipeline. In 2016, the SOCAR state company plans to pump 1.4 million tons of oil through this pipeline.
The average price for Brent Dated was $44.09 per barrel or $2.4 per barrel more than the previous week.
The maximum price for Brent was $44.63 per barrel and the minimum - $43.85 during the reporting period.
International financial institutions forecast that in 2016, the average price for Brent will be $55-$60 per barrel compared to $53-$55 per barrel in 2015.