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Azerbaijani oil prices drop

Oil&Gas Materials 20 July 2015 14:00 (UTC +04:00)

Baku, Azerbaijan, July 20

By Azad Hasanli - Trend:

The price of AZERI LT CIF Augusta stood at $58.88 per barrel on July 17 or $0.91 per barrel less compared to the price on July 16, the State Oil Company of Azerbaijan told Trend July 20.

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 $57.97 per barrel or $0.93 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 $54.55 per barrel on July 17 or $0.88 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $56.48 per barrel on July 17, or $0.88 per barrel less than the previous price.

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