Baku, Azerbaijan, May 8
By Maksim Tsurkov – Trend:
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $50.78 per barrel on May 1-5 or $2.45 per barrel less than the previous week.
The highest price of AZERI LT was $52.15 per barrel, while the lowest price was $49.79 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 $46.72 per barrel on May 1-5 or $2.23 per barrel less than the previous week.
The highest price for URALS was $47.84 per barrel and the lowest price was $45.84 per barrel on May 1-5.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.
Average price of Brent Dated was $48.44 per barrel on May 1-5 or $1.85 per barrel less than the previous week.
The highest price for Brent was $49.69 per barrel and the lowest price was $47.47 during the reporting period.