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Azerbaijani oil prices increase

Oil&Gas Materials 2 November 2022 09:43 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 2. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.07 on November 1 compared to the previous price, amounting to $97.57 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on November 1 amounted to $95.49 per barrel, also up by $2.15 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 $67.92 per barrel on November 1, growing by $0.57 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea rose by $2.08 compared to the previous price and made up $94.93 per barrel.

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