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Azerbaijani oil prices slightly down on Mar. 12

Oil&Gas Materials 13 March 2015 15:25 (UTC +04:00)

Baku, Azerbaijan, March 13

By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $58.87 per barrel on March 12, or $0.08 per barrel less compared to the price on March 11, according to the State Oil Company of Azerbaijan (SOCAR).

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 $57.74 per barrel or $0.08 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 $54.15 per barrel on Mar. 12, or $0.08 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $56.57 per barrel on March 12, or $0.06 per barrel more than the previous price.

Edited by CN

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Follow the author on Twitter: @MaksimTsurkov

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