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Azerbaijani oil prices drop

Oil&Gas Materials 3 July 2015 17:31 (UTC +04:00)

Baku, Azerbaijan, July 3

By Azad Hasanli - Trend:

The price of AZERI LT CIF Augusta stood at $63.61 per barrel on July 2, or $0.12 per barrel less compared to the price on July 1, the State Oil Company of Azerbaijan told Trend July 3.

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 $62.46 per barrel or $0.03 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 $60.53 per barrel on July 2 or $0.09 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $61.51 per barrel on July 2, or $0.16 per barrel less than the previous price.

Edited by SI

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Follow the author on Twitter: @AzadHasanli

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