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Azerbaijani oil prices continue rising

Oil&Gas Materials 11 June 2015 11:50 (UTC +04:00)

Baku, Azerbaijan, June 11

By Maksim Tsurkov - Trend:

The price of AZERI LT CIF Augusta stood at $65.95 per barrel on June 10, or $0.69 per barrel more compared to the price on June 9, the State Oil Company of Azerbaijan told Trend June 11.

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 $64.67 per barrel or $0.67 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 $62.95 per barrel on June 10 or $0.71 per barrel more than the previous price.

The price of Brent Dated, produced from the North Sea, was $63.87 per barrel on June 10, or $0.54 per barrel more than the previous price.

Azerbaijani oil prices continue rising in the last three days.

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Follow the author on Twitter: @MaksimTsurkov

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