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Azerbaijani oil prices decrease

Oil&Gas Materials 22 October 2022 10:35 (UTC +04:00)
Azerbaijani oil prices decrease
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 22. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.38 on October 21 compared to the previous price, amounting to $94.74 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on October 21 amounted to $91.6 per barrel, down by $2.55 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 $64.84 per barrel on October 21, lower by 47 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea declined by $1.24 compared to the previous price and made up $91.45 per barrel.

(1 USD = 1.7 AZN on October 22)

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