(MENAFN- Trend News Agency ) BAKU, Azerbaijan, May 11
By Zeyni Jafarov – Trend:
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, dropped by 18 cents on May 10 compared to the previous price, making up $67.86 per barrel, reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $67.72 per barrel on May 10, which also decreased by 18 cents 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 settled at $65.79 per barrel on May 10, having increased by 1 cent compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $68.65 per barrel, down by 15 cents compared to the previous price.
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