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Prices of Azerbaijani oil rebound

Oil&Gas Materials 11 July 2020 15:13
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.17 per barrel on July 10
Prices of Azerbaijani oil rebound

BAKU, Azerbaijan, July 11

By Fidan Babayeva – Trend:

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $44.17 per barrel on July 10, which is 55 cents more compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $43.57 per barrel on July 10, which is 51 cents more compared to the previous price.

Azerbaijan has been producing Azeri LT since 1998 and exporting it 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 it through the Baku-Novorossiysk pipeline.

The price of URALS with shipment from the port amounted to $42.96 per barrel on July 10, which is 46 cents more compared to the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $43.12 per barrel on July 10, showing growth by 49 cents.

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Follow the author on Twitter: @Fidan_Babaeva

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