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Azerbaijani oil prices on increase

Oil&Gas Materials 20 August 2022 11:16 (UTC +04:00)
Azerbaijani oil prices on increase
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 19. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by $1.14 on August 19 compared to the previous price, amounting to $99.01 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on August 17 amounted to $97.41 per barrel, also up by $1.14 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 $75.77 per barrel on August 19, up by 79 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea increased by 86 cents compared to the previous price and made up $97.16 per barrel.

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