AZƏRBAYCANDA KORONAVIRUSLA BAĞLI XƏBƏRLƏR

Azerbaijani oil grows in price

Azerbaijani oil grows in price

Economy
16 May 2020, 13:16 133
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, amounted to $32.27 per barrel on May 15, which is $1.26 more compared to May 14, Trend reports with reference to the source from country's oil and gas market on May 16.
The price of Azeri LT FOB Ceyhan amounted to $31.86 per barrel on May 15, which is $1.82 more compared to May 14.
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 oil pipeline.
The price of URALS with shipment from the port amounted to $30.86 per barrel on May 15, which is $1.94 more compared to May 14.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $30.19 per barrel on May 15, indicating an increase of $1.85 compared to May 14.