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Azerbaijani oil prices down Aug. 3

Oil&Gas Materials 4 August 2015 16:00 (UTC +04:00)

Baku, Azerbaijan, Aug. 4

By Anvar Mammadov - Trend:

The price of AZERI LT CIF Augusta stood at $51.24 per barrel on August 3 or $2.78 per barrel less compared to the price on July 30, the State Oil Company of Azerbaijan told Trend August 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 $50.28 per barrel or $2.74 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 $47.09 per barrel on August 3 or $2.63 per barrel less than the previous price.

The price of Brent Dated, produced from the North Sea, was $49.15 per barrel on August 3, or $3.38 per barrel less than the previous price.

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Follow the author on Twitter: @Anvar_Mammadov

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