Azerbaijani oil prices down on Oct.28

Oil&Gas Materials 29 October 2011 12:58 (UTC +04:00)

Azerbaijan, Baku, Oct. 29 / Trend , E.Ismayilov /

On Oct.28, the price of AZERI LT CIF Augusta was $113.36 per barrel, or $1.43 per barrel down, compared to the previous day's price, 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 $112.44 per barrel, or $1.38 per barrel less than the previous day's price.

The price of Brent Dated, produced from the North Sea was $109.8 per barrel, $2.02 per barrel down compared to the previous price.