Prices on Azerbaijani oil fluctuate

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, slipped by 40 cents on August 11 compared to the previous price, making up $45.56 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $44.95 per barrel on August 11, which is 39 cents less compared 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 made up $44.03 per barrel on August 11, having shown an uptick of 37 cents.

The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $44.83 per barrel, rising by 34 cents compared to the previous price.