Azerbaijani oil price remains in the range of $64 | Eurasia Diary - ednews.net

9 May,


Azerbaijani oil price remains in the range of $64

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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 22 March was $64 per barrel, Trend Agency 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 $63.06 per barrel, or 1 cent less 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.

In addition, Azerbaijan sells URALS oil from the Russian Black Sea port of Novorossiysk, delivering raw materials via the Baku-Novorossiysk pipeline. The price of URALS with shipment from the port, exceeding the previous figure by 3 cents, amounted to $60.94 per barrel.

The price for a barrel of Brent Dated, produced in the North Sea, was $63.81 on 22 March, up 9 cents from the previous figure.

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