admin April 3, 2016

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $40.73 per barrel on March 7-11 or $3.3 per barrel more than the previous week.

The maximum price for AZERI LT was $41.45 per barrel and the minimum price was $40.24 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports – Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia – via the Baku-Supsa pipeline and railway.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $36.48 per barrel on March 7-11 or $3.31 per barrel more than the previous week.

The maximum price for Urals totaled $37.34 per barrel and the minimum – $36.08 per barrel on March 7-11.

The average price for Brent Dated was $39.16 per barrel on March 7-11 or $2.98 per barrel more than the previous week.

The maximum price for Brent was $39.91 per barrel and the minimum – $38.59 during the reporting period.

Source: Trend