Baku, Azerbaijan, May 20
By Maksim Tsurkov – Trend:
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $53.34 per barrel on May 15-19 or $2.63 per barrel more than the previous week.
The highest price of AZERI LT was $54.25 per barrel, while the lowest price was $52.89 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 $49.78 per barrel on May 15-19 or $3.1 per barrel more than the previous week.
The highest price for URALS was $50.9 per barrel and the lowest price was $49.03 per barrel on May 15-19.
Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.
Average price of Brent Dated was $51.75 per barrel on May 15-19 or $3.26 per barrel more than the previous week.
The highest price for Brent was $52.79 per barrel and the lowest price was $51.17 during the period.
---
Follow the author on Twitter: @MaksimTsurkov