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Azerbaijani oil prices for Dec. 12-16

Oil&Gas Materials 18 December 2016 11:42
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $56.1 per barrel on Dec. 12-16 or $1.17 per barrel more than the previous week.
Azerbaijani oil prices for Dec. 12-16

Baku, Azerbaijan, Dec. 18

By Maksim Tsurkov – Trend:

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $56.1 per barrel on Dec. 12-16 or $1.17 per barrel more than the previous week.

The maximum price for AZERI LT was $56.83 per barrel and the minimum price was $54.65 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia - via the Baku-Supsa pipeline and railway.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $51.27 per barrel on Dec. 12-16 or $1.08 per barrel more than the previous week.

The maximum price for Urals totaled $51.83 per barrel and the minimum - $49.92 per barrel on Dec. 12-16.

Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.

The average price for Brent Dated was $53.63 per barrel on Dec. 12-16 or $1.2 per barrel more than the previous week.

The maximum price for Brent was $54.28 per barrel and the minimum - $52.19 during the reporting period.

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Follow the author on Twitter: @MaksimTsurkov

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