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Cost of Azerbaijani oil climbs above $78/b

Oil&Gas Materials 10 June 2023 10:03 (UTC +04:00)
Cost of Azerbaijani oil climbs above $78/b
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, June 10. The price of Azeri LT CIF Augusta totaled $78.43 per barrel on June 9, staying unchanged 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 $76.92 per barrel, also unchanged 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 $52.89 per barrel, increasing by $1.01 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, increased by $0.03 compared to the previous price and made up $75.68 per barrel on June 9.

(1 USD = 1.7 AZN on June 10, 2023)

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