Azerbaijani oil prices up on May 16
Baku, Azerbaijan, May 19
By Emil Ismayilov - Trend:
The price of AZERI LT CIF Augusta was $113.93 per barrel on May 16, or $1.06 per barrel more compared to the previous price, according to the State Oil Company of Azerbaijan (SOCAR).
SOCAR 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 $113.16 per barrel or $1.05 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 $108.5 per barrel, which is $0.5 per barrel more than the previous price.
The price of Brent Dated, produced from the North Sea, was $111.24 per barrel or $1.43 per barrel more than the previous price.