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Azerbaijani oil prices increase June 8

Oil&Gas Materials 9 June 2015 12:28 (UTC +04:00)

Baku, Azerbaijan, June 9
By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $63.43 per barrel on June 8, or $0.98 per barrel more compared to the price on June 5, the State Oil Company of Azerbaijan told Trend June 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 $62.19 per barrel or $0.97 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 $60.55 per barrel on June 8 or $1.04 per barrel more than the previous price.

The price of Brent Dated, produced from the North Sea, was $61.16 per barrel on June 8, or $0.98 per barrel more than the previous price.

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Follow the author on Twitter: @MaksimTsurkov

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