Azerbaijani oil prices down

Oil&Gas Materials 31 July 2020 13:09 (UTC +04:00)
Azerbaijani oil prices down

BAKU, Azerbaijan, July 31

By Eldar Janashvili – Trend:

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, went down $1.22 on July 30 compared to the previous price, making up $43.89 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $43.3 per barrel on July 30, which is $1.2 less compared to the previous price.

Azerbaijan has been producing Azeri LT since 1997 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 made up $41.99 per barrel on July 30, having shown a decrease of $1.75.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $42.46 per barrel, sliding by $1.28 compared to the previous price.