Azerbaijani oil prices surge

Oil Materials 10 September 2022 09:43
Baku, Azerbaijan Trend News Agency Sadraddin Aghjayev
Azerbaijani oil prices surge

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $2.8 on September 9 compared to the previous price, amounting to $95.1 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on September 9 amounted to $93.69 per barrel, up by $2.79 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 $67.01 per barrel on September 9, rising by $2.63 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea grew by $2.87 compared to the previous price and made up $90.65 per barrel.

(1 USD = 1.7 AZN on September 10)