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Azerbaijani oil prices increase

Oil&Gas Materials 17 August 2023 10:11 (UTC +04:00)
Azerbaijani oil prices increase
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 17. The price of Azeri LT CIF Augusta totaled $89.29 per barrel on August 16, increasing $0.16 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 $88.33 per barrel, up by $0.16 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 $71.08 per barrel, down by $0.15 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, declined by $0.09 compared to the previous price and made up $86.11 per barrel on August 16.

(1 USD = 1.7 AZN on August 17, 2023)

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