Azerbaijani oil prices fall on Dec. 16
Azerbaijan, Baku, Dec. 17 / Trend , A.Badalova/ On Dec. 16, the price of AZERI LT CIF Augusta totaled $45.07per barrel or $3.13per barrel less as compared to the price of Dec. 15, 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 $43.52per barrel or $2.86per barrel less 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 $39.76per barrel, or $3.36per barrel less as compared to the previous price.
The price of Brent Dated produced from the North Sea was $42.61 per barrel, $3.27per barrel less compared to the previous price.