Azerbaijani oil prices down on Feb. 23
Baku, Azerbaijan, Feb. 24
By Maksim Tsurkov - Trend:
The price of AZERI LT CIF Augusta stood at $62.3 per barrel on Feb. 23, or $1.12 per barrel less compared to the price on Feb. 20, according to the State Oil Company of Azerbaijan (SOCAR).
SOCAR has been producing 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 $61.42 per barrel or $1.07 per barrel less than the previous price.
Azerbaijan also exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) was $57.73 per barrel on Feb. 23, or $0.94 per barrel less than the previous price.
The price of Brent Dated, produced from the North Sea, was $59.87 per barrel on Feb. 23, or $0.83 per barrel less than the previous price.
Follow the author on Twitter: @MaksimTsurkov