Baku, Azerbaijan, Sept.24
By Anvar Mammadov - Trend:
The price of AZERI LT CIF Augusta stood at $49.41 per barrel on Sept.23, a source in the oil and gas market told Trend Sept.24.
The oil price did not change September 23 compared to September 22.
The State Oil Company of Azerbaijan (SOCAR) has been producing light oil in Azerbaijan since 1997 jointly with foreign partners.
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 $48.57 per barrel, which is similar with the previous price, according to the source.
Azerbaijan also exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) was $45.15 per barrel on Sept.23 which is similar with the previous price.
The price of Brent Dated, produced from the North Sea was $48.25 per barrel on Sept.23, or $1.46 per barrel more than the previous price.
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