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Azerbaijani oil prices increase

Oil&Gas Materials 13 May 2015 19:53 (UTC +04:00)

Baku, Azerbaijan, May 13
By Anvar Mammadov - Trend:

The price of AZERI LT CIF Augusta stood at $67.44 per barrel on May 12, or $2.25 per barrel more compared to the price on May 11, the State Oil Company of Azerbaijan told Trend May 13.

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 $66.45 per barrel or $2.24 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 $64.35 per barrel on May 12 or $2.4 per barrel more than the previous price.

The price of Brent Dated, produced from the North Sea, was $65.32 per barrel on May 12, or $2.36 per barrel more than the previous price.
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Follow the author on Twitter: @Anvar_Mammadov

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