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Azerbaijani oil price notably growing

Finance Materials 10 September 2020 11:46
Azerbaijani oil price notably growing

BAKU, Azerbaijan, Sept.10

By Zeyni Jafarov – Trend:

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 96 cents on Sept.9 compared to the previous price, making up $41.26 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $40.73 per barrel on Sept.9, which is 97 cents more compared to the previous price.

Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi.

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 made up $39.39 per barrel on Sept.9, having grown by 95 cents compared to the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $39.75 per barrel, up $1.24 compared to the previous price.

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