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Azerbaijani oil prices increase

Economy Materials 21 December 2023 10:19 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, December 21. The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on December 20 increased by $1.4 and amounted to $85.35 per barrel compared to the previous indicator, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan rose by $1.32 (to $83.63 per barrel).

Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline. The price of URALS with shipment from the port equaled $63.22 per barrel, which is $1.21 more than the previous price.

In general, the cost of a barrel of Dated Brent oil produced in the North Sea increased by $1.7 on December 20 compared to the previous indicator, to $81.87 per barrel.

The official rate is 1.7 AZN/1 USD on December 21.

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