Azerbaijani Oil Prices Rise on 29 October
Azerbaijan, Baku, 30 October / Trend corr A.Badalova/ On 29 October, the price of AZERI LT CIF Augusta reached $66.82per barrel or $5.04per barrel up as compared to the price of 28 October, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997.
Azeri Light oil is produced from the Azeri-Chirag-Gunashli offshore fields, which is developed under BP's operations. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, to the Georgian port of Supsa via the Baku-Supsa pipeline and to the Georgian port of Batumi by railway.
AZERI LT FOB Ceyhan oil price was $65.46per barrel or $5.08per barrel more than the previous price, SOCAR said.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk Port as URAL
The price of URAL (EX-NOVO) was $61.43per barrel, or $5.1per barrel more as compared to the previous price.
The price of Brent Dated produced from the North Sea was $64.27 per barrel, $5.33per barrel more compared to the previous price.