Azerbaijani oil price exceeded $69 per barrel | Eurasia Diary - ednews.net

6 May, Thursday


Azerbaijani oil price exceeded $69 per barrel

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The price of Azerbaijani light oil, produced at the Azeri-Chirag-Guneshli (ACG) block of fields, based on CIF in the Italian port of Augusta on 12 March, amounted to $69.84 per barrel, which is $0.12 more than the previous indicator, Azeri Daily reports citing a source in the country's oil and gas market, Eurasia Diary reports citing Azeri Daily.

On the FOB basis in the Turkish port of Ceyhan, the Azeri Light price was $69 per barrel, which is $0.12 more than the previous figure. Azerbaijan has been producing Azeri Light since 1997 and exporting it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.

Azerbaijan also sells URALS oil from the Russian Black Sea port of Novorossiysk, delivering raw materials via the Baku-Novorossiysk pipeline. The price of URALS (ex-export) was $66.33 per barrel, $0.19 less than the previous figure.

The price for a barrel of Brent Dated, produced from the North Sea, was $69.29 a barrel on 12 March, up $0.13 from the previous price.

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