Baku, Azerbaijan, Mar. 18
By Azad Hasanli – Trend:
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $52.54 per barrel on March 13-17 or $0.32 per barrel more than the previous week.
The highest price of AZERI LT was $52.95 per barrel, while the lowest price was $51.58 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.
Average price of URALS (EX-NOVO), exported from Azerbaijan via the Novorossiysk port, was $47.69 per barrel on March 13-17 or $2.82 per barrel less than the previous week.
The highest price for URALS was $48.16 per barrel and the lowest price was $46.82 per barrel on March 13-17.
Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.
Average price of Brent Dated was $50.2 per barrel on March 13-17 or $2.74 per barrel less than the previous week.
The highest price for Brent was $50.71 per barrel and the lowest price was $49.21 during the reporting period.