Average price of Azerbaijani oil for May grows
Baku, Azerbaijan, June 4
By Maksim Tsurkov – Trend:
The average price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, amounted to $77.81 per barrel at the Italian port of Augusta in May 2018, which is by 49.3 percent more than in the same period last year.
In May 2017, the average price of the AZERI LT CIF oil was $52.13 per barrel, which is 5.9 percent more than April 2017.
Azerbaijan has been producing AZERI LT at the ACG block since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines.
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