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Azerbaijani oil prices shows sharp increase

Oil Materials 13 January 2023 09:54
Baku, Azerbaijan Trend News Agency
Azerbaijani oil prices shows sharp increase

The price of Azeri LT CIF Augusta totaled $90.63 per barrel on January 12, increasing by $3.11 compared to the previous price, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $88.5 per barrel, up by $3.02 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 on January 12 equaled $44.7 per barrel, up by $2.37 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, grew by $2.39 compared to the previous price and made up $82.83 per barrel.

(1 USD = 1.7 AZN on January 13)

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