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Azerbaijani oil prices continue increasing

Oil&Gas Materials 20 September 2023 09:34 (UTC +04:00)
Azerbaijani oil prices continue increasing
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 20. The price for Azerbaijani Azeri Light oil on CIF basis in the Italian port of Augusta on September 19 grew by 64 cents and amounted to $102.25 per barrel, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri Light on FOB base in the Turkish port of Ceyhan increased by 63 cents to $101.32 per barrel.

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 $83.12 per barrel, up by 57 cents as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, rose by 63 cents compared to the previous price and made up $96.87 per barrel on September 19.

The official rate is 1.7 AZN/1 USD on September 20.

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