Azerbaijani Oil Prices Continue To Surge| MENAFN.COM

Tuesday, 05 July 2022 08:59 GMT

Azerbaijani Oil Prices Continue To Surge

(MENAFN- Trend News Agency)

BAKU, Azerbaijan, May 18. The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $3.79 on May 17 compared to the previous price, settling at $123.18 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on May 17 amounted to $122.06 per barrel, up by $3.79 as compared to the previous price.

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 equaled $79.73 per barrel on May 17, rising by $3.27 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea grew by $3.37 compared to the previous price and made up $116.51 per barrel.

  • oil prices
  • Azerbaijan
  • Brent Dated
  • AZERI LT CIF Augusta
  • economy
  • AZERI Light FOB Ceyhan oil


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