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Azerbaijani oil prices down

Oil&Gas Materials 16 December 2023 10:26 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 16. On December 15, the price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta fell by $0.12 to $81.38 per barrel, compared to the previous week, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan also decreased by $0.3 (to $79.92 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 $59.61 per barrel, which is $0,45 less than the previous price.

In general, the cost of a barrel of Dated Brent oil produced in the North Sea decreased by $0.19 on December 15 compared to the previous indicator, to $77.09 per barrel.

The official rate is 1.7 AZN/1 USD on December 16.

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