Azerbaijani oil is getting more expensive - ednews.net

27 January, Thursday

Azerbaijani oil is getting more expensive

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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 September 2 was $73.96 per barrel, which is $2.64 more than the previous figure, Azeri Daily reports citing sources in the country's oil and gas market, Azeri Daily reports. 

On the FOB basis in the Turkish port of Ceyhan, the Azeri Light price was $73.28 per barrel, which is $2.65 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.

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