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Azerbaijani oil prices up

Oil&Gas Materials 7 May 2022 10:12
Azerbaijani oil prices up
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, May 7. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.1 on May 6 compared to the previous price, settling at $119.04 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on May 6 amounted to $117.82 per barrel, also up by $2.11 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 $77.89 per barrel on May 6, which grew by $2.19 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea rose by $1.82 compared to the previous price and made up $114.33 per barrel.

(1 USD = 1.7 AZN on May 7)

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