Azerbaijani oil prices up

Tue 12 Nov 2019 06:59 GMT | 10:59 Local Time

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The price of the AZERI LT CIF oil produced at the Azeri-Chirag-Gunashli block of oil and gas fields was $67.57 per barrel at the Italian port of Augusta on Nov. 11, 53 cents more than the previous price, a source in Azerbaijan's oil and gas market told Trend on Nov. 12.

On Nov. 11, AZERI Light FOB Ceyhan oil price was $66.75 per barrel, which is 53 cents more compared to the previous price.

Azerbaijan has produced AZERI LT since 1997, which it exports via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, and by rail to the Georgian port of Batumi. Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.

The price for URALS-NOVO including shipment from port was $62.21 per barrel on Nov. 11, 87 cents more compared to its previous price.

The price for a barrel of North Sea Brent Dated, produced from the North Sea, stood at $62.35 on Nov. 11, or 68 cents more than the previous price.

(1 USD = 1.7 manat on Nov. 12)

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