Baku, Azerbaijan, Feb. 3
By Azad Hasanli – Trend:
Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $70.5 per barrel on Jan. 29-Feb. 2 or $1.06 per barrel less than the previous week.
The highest price of AZERI LT was $70.9 per barrel, while the lowest price was $70.04 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 $66.2 per barrel on Jan. 29-Feb. 2 or $1.86 per barrel less than the previous week.
The highest price for URALS was $66.83 per barrel and the lowest price was $65.5 per barrel on Jan. 29-Feb. 2.
Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port.
Average price of Brent Dated was $68.15 per barrel on Jan. 29-Feb. 2 or $1.86 per barrel less than the previous week.
The highest price for Brent was $68.59 per barrel and the lowest price was $67.59 during the reporting period.