Azerbaijan's oil prices grow

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $3.52 on July 18 compared to the previous price, settling at $121.74 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on July 18 amounted to $119.94 per barrel, up by $3.19 as compared to the previous price.

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 equaled $72.49 per barrel on July 18, rising by $3.51 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea edged up by $4.01 compared to the previous price and made up $115.08 per barrel.

(1 USD is 1.7 AZN on July 19)