Prices of Azerbaijani oil marginally up

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 1 cent on June 15 compared to the previous price, having amounted to $40.37 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan made up $39.82 per barrel on June 15, which is equal 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 amounted to $39.82 per barrel on June 15, which is the same as the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $38.64 per barrel, indicating a growth of 12 cent or 4 percent.