Azerbaijani oil prices up on Dec. 5

Azerbaijani oil prices up on Dec. 5

BAKU, Azerbaijan, Dec. 6

By Nargiz Ismayilova - Trend:

The price of the AZERI LT CIF oil produced at the Azeri-Chirag-Gunashli block of oil and gas fields was $68.95 per barrel at the Italian port of Augusta on Dec. 5, $0.79 more than the previous price on Dec. 4, a source in Azerbaijan's oil and gas market told Trend on Dec. 6.

On Dec. 5, AZERI Light FOB Ceyhan oil price was $67.59 per barrel, which is $0.83 more compared to the previous price.

Azerbaijan has produced AZERI LT since 1997, which it exports via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, and by rail to the Georgian port of Batumi. Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.

The price for URALS-NOVO including shipment from port was $61.88 per barrel on Dec. 5, $0.66 more compared to its previous price.

The price for a barrel of North Sea Brent Dated, produced from the North Sea, stood at $66.11 on Dec. 5, or $0.7 more than the previous price.

(1 USD = 1.7 manat on Dec. 6)

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Follow the author on Twitter: @IsmailovaNargis

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