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Azerbaijani oil prices down Aug. 17

Business Materials 18 August 2015 13:42 (UTC +04:00)

Baku, Azerbaijan, Aug. 18
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta hit $50.05 per barrel on August 17 or $0.26 per barrel less compared to the price on Aug.14, the State Oil Company of Azerbaijan told Trend August 18.

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 $49.14 per barrel or $0.26 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 $46.04 per barrel on August 17 or $0.35 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $47.85 per barrel on August 17, or $0.06 per barrel more than the previous price.

follow the author on Twitter: @MaksimTsurkov

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