Azerbaijani oil prices down
BAKU, Azerbaijan, March 18
By Nargiz Ismayilova – Trend:
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $29.17 per barrel on March 17, which is 20 cents less compared to March 16, Trend reports with reference to the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $27.07 per barrel on March 17, which is 38 cents less compared to March 16.
Azerbaijan has been producing Azeri LT since 1997 and exporting via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail, to the Georgian port of Batumi.
Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering through the Baku-Novorossiysk oil pipeline. The price of URALS with shipment from the port amounted to $20.97 per barrel on March 17, which is $1.44 less compared to March 16.
The cost of a barrel of Dated Brent, produced in the North Sea, amounted to $27.8 per barrel, showing an decrease of 15 cents.
(1 USD = 1.7 AZN on March 18)