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Azerbaijani oil prices up on May 16

Oil&Gas Materials 17 May 2013 12:42 (UTC +04:00)
On May 16, the price of AZERI Light CIF Augusta was $106.98 per barrel, or $2.76 per barrel more, compared to the Friday price, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997.

Azerbaijan, Baku, May 17 / Trend, E.Ismayilov /

On May 16, the price of AZERI Light CIF Augusta was $106.98 per barrel, or $2.76 per barrel more, compared to the Friday 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. 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 $106.25 per barrel on May 16, or $2.75 more compared to the previous price.

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

The price of URALS was $103.23 per barrel on May 16, which is $2.73 more than the previous price.

The price of Brent Dated, produced from the North Sea, was $104.36 per barrel, $2.68 per barrel more than the previous price.

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