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Azerbaijani oil prices decline

Oil&Gas Materials 4 February 2023 10:23 (UTC +04:00)
Azerbaijani oil prices decline
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, February 4. The price of Azeri LT CIF Augusta totaled $84.05 per barrel, decreasing by nine cents compared to the previous price, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $82.25 per barrel, down by one cent 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 $44.35 per barrel, lower by 41 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, dropped by 12 cents compared to the previous price and made up $80.62 per barrel.

(1 USD = 1.7 AZN on February 4, 2023)

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