Azerbaijani oil prices increase

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta grew by $0.65 on January 6 compared to the previous price, amounting to $84.6 per barrel, Trend reports referring to the source from the country’s oil and gas market.


The price of Azeri LT FOB Ceyhan amounted to $82.88 per barrel, up by $0.58 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 $41.66 per barrel, increasing by $0.66 as compared to the previous price.


Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea rose by $0.5 compared to the previous price and made up $77.39 per barrel on January 6.


(1 USD = 1.7 AZN on January 7)


Source: TREND News Agency