Azerbaijani oil prices drop
Baku, Azerbaijan, March 17
By Maksim Tsurkov - Trend:
The price of AZERI LT CIF Augusta stood at $54.63 per barrel on Mar.16, or $2.23 per barrel less compared to the price on Mar.15, 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 $53.45 per barrel or $2.27 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 $51.32 per barrel on Mar.16, or $2.38 per barrel less than the previous price.
The price of Brent Dated, produced from the North Sea, was $52.05 per barrel on Mar.16, or $2.36 per barrel less than the previous price.
Edited by SI
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