BAKU, Azerbaijan, June 25
By Fidan Babayeva - Trend:
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by 32 cents on June 24 compared to the previous price, settling at $76.27 per barrel, Trend reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $75.53 per barrel on June 24, increasing by 33 cents 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 reached $72.8 per barrel on June 24, having fallen by 36 cents as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, increased by 90 cents compared to the previous price, reaching $75.77 per barrel.
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