Azerbaijani Oil Prices Increase

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 26. The price for Azerbaijani Azeri Light oil on a CIF basis in the Italian port of Augusta on October 25 increased by $0.68 and amounted to $92.39 per barrel, Trend reports, referring to the source from the country's oil and gas market.

The price of Azeri Light on a FOB basis in the Turkish port of Ceyhan increased by $0.58 to $90.32 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 $76.76 per barrel, up by $0.53 as compared to the previous price.

The cost of a barrel of Dated Brent oil, produced in the North Sea, rose by $0.58 compared to the previous price and reached $89.04 per barrel on October 25.

The official rate is 1.7 AZN/1 USD on October 26.


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