Azerbaijani oil prices decline| MENAFN.COM

Monday, 23 May 2022 01:18 GMT

Azerbaijani oil prices decline


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, Jan. 25

By Nazrin Israfilova - Trend:

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, declined by $2.31 on Jan. 24 compared to the previous price, settling at $89.1 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on Jan. 24 amounted to $88.27 per barrel, down by $2.34 as 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 $87.58 per barrel on Jan. 24, lower by $2.29 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea decreased by $2.29 compared to the previous price and made up $87.52 per barrel.

MENAFN25012022000187011040ID1103590315


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.