Azerbaijani oil down in price
BAKU, Azerbaijan, March 19
By Nargiz Ismayilova – Trend:
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $24.53 per barrel on March 18, which is $4.64 less compared to March 17, Trend reports with reference to the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $22.73 per barrel on March 18, which is $4.34 less compared to March 17.
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 $16.88 per barrel on March 18, which is $4.09 less compared to March 17.
The cost of a barrel of Dated Brent, produced in the North Sea, amounted to $22.99 per barrel, showing an decrease of $4.81.
(1 USD = 1.7 AZN on March 19)