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Azerbaijani oil prices drop

Oil&Gas Materials 4 June 2015 13:59 (UTC +04:00)

Baku, Azerbaijan, June 4

By Anvar Mammadov - Trend:

The price of AZERI LT CIF Augusta stood at $64.86 per barrel on June 3, or $1.04 per barrel less compared to the price on June 2, the State Oil Company of Azerbaijan told Trend June 4.

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 $63.64 per barrel or $1.03 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 $62.10 per barrel on June 3 or $0.96 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $62.53 per barrel on June 3, or $1.02 per barrel less than the previous price.

Edited by CN
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Follow the author on Twitter: @Anvar_Mammadov

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