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Azerbaijani oil prices increase

Oil&Gas Materials 28 December 2023 10:36 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 28. The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on December 27 increased by $0.31 and amounted to $84.51 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 rose by $0.31 (to $82.71 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 $62.01 per barrel, which is $0.04 more than the previous price.

In general, the cost of a barrel of Dated Brent oil produced in the North Sea increased by $0.7 on December 27 compared to the previous indicator, to $80.85 per barrel.

The official rate is 1.7 AZN/1 USD on December 28.

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