Baku, Azerbaijan, Feb. 29
By Azad Hasanli - Trend:
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $34.85 per barrel on Feb. 22-26 or $0.94 per barrel more than the previous week.
The maximum price for AZERI LT was $37.22 per barrel and the minimum price was $33.54 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 $31 per barrel on Feb. 22-26 or $1.23 per barrel more than the previous week.
The maximum price for Urals totaled $33.4 per barrel and the minimum - $29.73 per barrel on Feb. 22-26.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.
The average price for Brent Dated was $33.71 per barrel on Feb. 22-26 or $1.01 per barrel more than the previous week.
The maximum price for Brent was $36.13 per barrel and the minimum - $32.31 during the reporting period.
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