Azerbaijani oil prices decrease

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $1.46 on July 22 compared to the previous price, amounting to $115.42 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 22 amounted to $113.18 per barrel, down by $1.51 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 $67.86 per barrel on July 22, growing by 20 cents as compared to the previous price.


The cost of a barrel of Brent Dated oil, produced in the North Sea decreased by 40 cents compared to the previous price and made up $110.22 per barrel.


(1 USD = 1.7 AZN on July 23)


Source: TREND News Agency

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