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Azerbaijani oil prices down

Azerbaijani oil prices down

Economy
25 September 2020, 15:30 113
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 93 cents on Sept.24 compared to the previous price, making up $41.53 per barrel, Trend reports with reference to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $41.02 per barrel on Sept.24, which is 93 cents less compared to the previous price.
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 it through the Baku-Novorossiysk pipeline.
The price of URALS with shipment from the port made up $40.52 per barrel on Sept.24, having declined by 48 cents compared to the previous price.
The cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $40.87 per barrel, down by 57 cents compared to the previous price.