Azerbaijan oil prices decline on Jan. 6
Azerbaijan, Baku, Jan 7 /Trend E.Ismayilova/
On Jan.5, the price of AZERI LT CIF Augusta was $113.99 per barrel, or $1.4 per barrel less, compared to the previous day's price, according to the State Oil Company of Azerbaijan (SOCAR), which has been producing 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. Except this, Azeri Light is exported to the Georgian port of Supsa via the Baku-Supsa pipeline.
SOCAR said that the price of Azerbaijani crude in the basis of FOB (in the port of the sender) in the Turkish port of Ceyhan in Jan. 6 amounted to $112.86 per barrel, or $1.34 per barrel lower than the previous price.
Azerbaijan exports URALS oil from Russia's Black Sea port of Novorossiysk, delivering raw materials via Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) amounted to $108.09 per barrel or $1.32 per barrel less than the previous price.
The price of Brent Dated produced from the North Sea in Jan 6 amounted to $113.81 per barrel, which is $2.23 per barrel less than the previous price.