Azerbaijan, Baku, June 22 / Trend E. Ismayilov/
On June 19 the price of AZERI LT CIF Augusta was $71.21 per barrel, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997. Price for oil increased $0.11 per barrel on June 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.
On June 19, AZERI LT FOB Ceyhan oil price was $50.43 per barrel, or $0.24 per barrel lower than the previous day's price, SOCAR said.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk Port as URAL. This kind is poor in quality and lower in price than Azeri Light on specifications.
On June 19, the price of URAL (EX-NOVO) was $68.82 per barrel, or $0.38 per barrel more than the previous price.
On June 19, the price on Brent Dated, produced from the North Sea, was $70.75 per barrel, $0.5 per barrel more compared to the previous price.
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