Azerbaijan, Baku, August 29 / Trend E. Ismailov /
On August 28, the price of AZERI LT CIF Augusta was $119.84 per barrel, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997. On Wednesday the oil price increased by $1.1 per barrel as compared to Tuesday.
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 $119.02 per barrel on August 28 or $1.1 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 $114.45 per barrel on August 28, which is $1.03 more than the previous price.
The price of Brent Dated, produced from the North Sea, was $116.07 per barrel on August 28, which is $0.9 more than the previous price.