Azerbaijani oil prices slightly drop March 17
Baku, Azerbaijan, March 18
By Maksim Tsurkov - Trend:
The price of AZERI LT CIF Augusta stood at $54.24 per barrel on Mar.17, or $0.39 per barrel less compared to the price on Mar.16, 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 per barrel or $0.45 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 $50.87 per barrel on Mar.17, or $0.45 per barrel less than the previous price.
The price of Brent Dated, produced from the North Sea, was $51.64 per barrel on Mar.17, or $0.41 per barrel less than the previous price.
follow the author on Twitter: @MaksimTsurkov