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Azerbaijani oil price drops

Azerbaijani oil price drops

Economy
09 April 2020, 13:32 83
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field amounted to $23.27 per barrel on April 9, which is $0.7 less compared to the previous price, Trend reports with reference to the source in the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $22.27 per barrel on April 9, which is $0.62 less compared to April 8.
Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail, to the Georgian port of Batumi.
Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering through the Baku-Novorossiysk oil pipeline. The price of URALS with shipment from the port amounted to $20 per barrel on April 9, which is $0.8 less compared to April 8.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $22.32 per barrel, showing a decrease of $0.65.