Azerbaijani oil prices for May 7

Oil&Gas Materials 8 May 2013 13:44 (UTC +04:00)

Azerbaijan, Baku, May 8 / Trend, E.Ismayilov /

On May 7, the price of AZERI Light CIF Augusta was $108.56 per barrel 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, and to the Georgian port of Supsa via the Baku-Supsa pipeline.

AZERI LT FOB Ceyhan oil price was $107.78 per barrel on May 7.

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

The price of URALS was $104.2 per barrel on May 7.

The price of Brent Dated, produced from the North Sea, was $105.5 per barrel on May 7.