Azerbaijan, Baku, August 28 / Trend E. Ismailov /
On August 27, the price of AZERI LT CIF Augusta was $118.74 per barrel, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997. On Tuesday the oil price increased by $3.41 per barrel as compared to Friday.
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 $117.92 per barrel on August 27 or $3.43 more compared to the previous price.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) was $113.42 per barrel on August 27, which is $3.28 more than the previous price.
The price of Brent Dated, produced from the North Sea, was $115.17 per barrel on August 27, which is $3.68 more than the previous price.