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Azerbaijani oil prices decrease May 8

Oil&Gas Materials 9 May 2015 13:29 (UTC +04:00)

Baku, Azerbaijan, May 9
By Anvar Mammadov - Trend:

The price of AZERI LT CIF Augusta stood at $66.20 per barrel on May 8, or $0.98 per barrel less compared to the price on May 7, the State Oil Company of Azerbaijan told Trend May 9.

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 $65.23 per barrel or $0.96 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 $62.66 per barrel on May 8, or $0.82 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $64.03 per barrel on May 8, or $0.81 per barrel less than the previous price.

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Follow the author on Twitter: @Anvar_Mammadov

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