Prices for Azerbaijani oil reduce on July 7
Azerbaijan, Baku, July 8/ Trend A.Badalova /
On July 7 the price of AZERI LT CIF Augusta was $63.03 per barrel or $1.1 per barrel down, compared to July 6, 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. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline by mixing with Kazakh oil.
AZERI LT FOB Ceyhan oil price was $62.38 per barrel, or $1.08 per barrel on July 7 more 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, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk Port as URAL.
This sort gives in to specifications in quality and price of Azerbaijani oil.
The price of URAL from the Novorossiysk port was $61.25 per barrel, or $1.06 per barrel more than the previous price.
The following situation was observed with Brent Dated, produced from the North Sea. On July 7 the price of Brent Dated was $62.03 per barrel, $1.07 per barrel down compared to the previous price.