Azerbaijani Oil Prices Show Slight Growth

(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 27. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on September 26 increased by 29 cents and amounted to $99.35 per barrel, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri Light on FOB bases in the Turkish port of Ceyhan grew by 30 cents to $98.31 per barrel.

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 $81.05 per barrel, up by 71 cents as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, rose by 74 cents compared to the previous price and made up $94.14 per barrel on September 26.

The official rate is 1.7 AZN/1 USD on September 27.


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