The price of Azeri LT CIF Augusta has increased by $1.6 and amounted to $83.95 per barrel on January 5, Azernews reports.

The price of Azeri LT FOB Ceyhan amounted to $82.3 per barrel, which is an increase by $1.64 as compared to the previous price.

Moreover, Azerbaijan sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline, the price of which increased by $0.51 and equaled $41 per barrel.

At the same time, the cost of a barrel of Brent Dated oil, produced in the North Sea increased by $1.37 and amounted to $76.89 per barrel.

(1 USD = 1.7 AZN on January 6)