BAKU, Azerbaijan, October 27. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on October 26 increased by $0.48 and amounted to $92.87 per barrel, Trend reports, referring to the source from the country's oil and gas market.
The price of Azeri Light on a FOB basis in the Turkish port of Ceyhan increased by $0.53 to $90.85 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 $77.31 per barrel, up by $0.55 as compared to the previous price.
The cost of a barrel of Dated Brent oil, produced in the North Sea, rose by $0.66 compared to the previous price and reached $89.7 per barrel on October 26.
The official rate is 1.7 AZN/1 USD on October 27.