Azerbaijani oil price drops May 28
Baku, Azerbaijan, May 29
By Maksim Tsurkov - Trend:
The price of AZERI LT CIF Augusta stood at $62.61 per barrel on May 28, or $1.03 per barrel less compared to the price on May 27, the State Oil Company of Azerbaijan told Trend May 29.
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 $61.28 per barrel or $1.05 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 $59.19 per barrel on May 28 or $1.03 per barrel less than the previous price.
The price of Brent Dated, produced from the North Sea, was $60.73 per barrel on May 28, or $1.03 per barrel less than the previous price.
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