Azerbaijani oil prices down on March 8
Azerbaijan, Baku, March 9 /Trend А.Badalova/
On March 8, the price of AZERI LT CIF Augusta was $112.69 per barrel, or $1.38 per barrel less, compared to Thursday, 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. 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.
AZERI LT FOB Ceyhan oil price was $111.82 per barrel on March 8, or $1.38 per barrel less than the previous price.
Azerbaijan also exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) was $105.99 per barrel on March 8, which is $1.36 less than the previous price.
The price of Brent Dated, produced from the North Sea, was $108.97 per barrel, $1.58 per barrel less than the previous price.