Baku, Azerbaijan, March 5
By Azad Hasanli – Trend:
The average price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $67.2 per barrel in February. The figure increased by 17.3 percent compared to the same period last year.
In February 2017, the average price for Azeri Light was $ 57.28 per barrel.
Furthermore, compared to January 2018, the price for Azeri Light went down by five percent.
Azeri Light oil is produced at the Azeri-Chirag-Gunashli field block, operated by BP. It is exported to the world markets via the Baku-Tbilisi-Ceyhan and Baku-Supsa main oil pipelines.