Azerbaijani oil prices up

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $64.15 per barrel at Italian port of Augusta on July 19, which is $0.41 more than on July 18, a source in Azerbaijan's oil and gas market told Trend.

On July 19, the AZERI Light FOB Ceyhan oil price was $63.45 per barrel, which is $0.41 more compared to the previous price.

Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines and by rail to the Georgian port of Batumi. Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.

The price for URALS-NOVO with shipment from port was $60.31 per barrel on July 19, which is $0.58 more than the previous price.

The price for a barrel of Brent Dated, produced from the North Sea, stood at $61.27 on July 19, or $0.2 more than the previous price.

(1 USD = 1.7 AZN on July 22)