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Azerbaijani oil prices down on July 10

Oil&Gas Materials 11 July 2012 12:07 (UTC +04:00)

Azerbaijan, Baku, July 11 /Trend E.Ismayilov/

On July 10 the price of AZERI LT CIF Augusta was $101.1 per barrel, or $0.15 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.

AZERI LT FOB Ceyhan oil price was $100.19 per barrel, or $0.13 per barrel less than the previous day's price.

Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.

The price of URALS (EX-NOVO) was $98.16 per barrel on July 10, or $0.45 per barrel less than the previous price

The price of Brent Dated, produced from the North Sea, was $99.13 per barrel, $0.83 per barrel less than the previous price.

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