Azerbaijani oil prices up May 5
Baku, Azerbaijan, May 6
By Maksim Tsurkov - Trend:
The price of AZERI LT CIF Augusta stood at $68.44 per barrel on May 5, or $1.78 per barrel more compared to the price on May 1 (no bidding was held on May 4), the State Oil Company of Azerbaijan told Trend May 6.
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 $67.44 per barrel or $1.78 per barrel more 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 $64.76 per barrel on May 5 or $1.51 per barrel more than the previous price.
The price of Brent Dated, produced from the North Sea, was $66.12 per barrel on May 5, or $1.73 per barrel more than the previous price.
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