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Azerbaijani oil prices down on Mar.6

Business Materials 7 March 2015 12:13 (UTC +04:00)

Baku, Azerbaijan, Mar. 7

By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $61.74 per barrel on Mar.6, or $0.8 per barrel less compared to the price on Mar.5, according to the State Oil Company of Azerbaijan (SOCAR).

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 $60.51 per barrel or $0.8 per barrel less 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 $56.77 per barrel on Mar.6, or $0.61 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $59.44 per barrel on Mar.6, or $0.88 per barrel less than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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