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Azerbaijan sees rise in oil prices

Oil&Gas Materials 28 April 2022 11:33 (UTC +04:00)
Azerbaijan sees rise in oil prices
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 28. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by $0.62 on April 27 compared to the previous price, settling at $107.34 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 $106.05 per barrel, increasing by $0.67 as compared to the previous price.

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 equaled $66.8 per barrel on April 27, rising by $1.25 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea increased by $0.67 compared to the previous price and made up $102.9 per barrel.

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