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Prices of Azerbaijani oil continue edging up

Prices of Azerbaijani oil continue edging up

Economy
04 August 2020, 12:53 202
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.03 on August 3 compared to the previous price, making up $45.39 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 $44.8 per barrel on August 3, which is $1.01 more 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.