Azerbaijani Oil Sees Growth In Price


(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 10. The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta rose by $1.05 on January 9 compared to the previous rate, reaching $79.77 per barrel, Trend reports, citing a source in the country's oil and gas market.

On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light increased by $1.13 to $78.76 per barrel.

The price of URALS crude grew by $1.01 compared to the previous price and amounted to $65.67 per barrel.

The price of North Sea benchmark crude, Dated Brent, hiked by $0.81 compared to the previous rate, standing at $78.05 per barrel.

The official exchange rate for January 10 is 1.7 AZN/USD.

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Trend News Agency

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