11 December 2018

Azerbaijani oil prices keep decreasing

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $82.45 per barrel at the Italian port of Augusta on Oct. 11, or $2.69 less than on Oct. 10, a source in Azerbaijan's oil and gas market told Oct. 12.

The AZERI Light FOB Ceyhan oil price was $81.63 per barrel on Oct. 11, or $2.69 less than on Oct. 10.

Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as 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 was $78.65 per barrel on Oct. 11 or $2.68 less than the previous price.

The price for a barrel of Brent Dated, produced from the North Sea, stood at $81.29 on Oct. 11 or $2.64 less than the previous price.

2018.10.12 / 10:47
See also

Innovations play important role in Azerbaijani economy

Euro zone investor morale slumps to four-year low

Azerbaijan posts 0.6% growth in monthly

Syria to export medicine to Russia

CBA currency exchange rates

"We appreciate our ongoing cooperation with Azerbaijan"

Japan's economy shrinks most in four years

World Bank shifts focus Egypt's private sector with $1 billion

Serbian President met with Azerbaijani delegation

Azerbaijan to reduce oil production

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla