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Azerbaijani oil prices decrease

Oil&Gas Materials 5 December 2023 10:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 5. The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on December 4 decreased by $2.91 and amounted to $82.68 per barrel compared to the previous indicator, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan lowered by $2.85 (to $81.18 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 $62.79 per barrel, which is $3.04 less than the previous price.

In general, the cost of a barrel of Dated Brent oil produced in the North Sea decreased by $2.85 on December 4 compared to the previous indicator, to $78.25 per barrel.

The official rate is 1.7 AZN/1 USD on December 5.

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