On Monday (October 16) AZERI LT FOB Ceyhan oil price was $57.42 per barrel (down $0.87 per barrel as compared to 13 October). AZERI LT FOB Ceyhan prices fell $1.52 per barrel as compared to last Monday, Trend reports.
AZERI LT CIF Augusta price was $58.90 per barrel ($0.91 per barrel less). Price of AZERI LT CIF Augusta fell $1.42 per barrel as compared to last Monday.
Azeri Light oil is produced from Azeri-Chirag-Gunashli offshore fields, which is developed under BP's operatorship. Without any mixing with other brands of oil it is delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, to the Georgian port of Supsa via the Baku-Supsa pipeline and to the Georgian port of Batumi by railway. Density of Azeri Light is 34.6 degrees by API, sulphur content is 0.14%.
The price of URAL (EX-NOVO) was $53.59 per barrel (- $1.21 per barrel). URAL (EX-NOVO) prices dropped $2.01 per barrel as compared to last Monday.
Azerbaijan exports URAL oil from the Novorossiysk port, which is delivered via
the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk in the type of URAL. Density of URAL is 30.4-31.85 degrees by API, sulphur content is up to 1.8%.
The price of DTD was $58.43 per barrel (- $0.60 per barrel). DTD prices fell $0.66 per barrel as compared to last Monday.
Density of DTD is 38.3 degrees API, sulphur content 0.36%.