Azerbaijani oil prices increase

Oil Materials 18 January 2023 09:51
Baku, Azerbaijan Trend News Agency
Azerbaijani oil prices increase

The price of Azeri LT CIF Augusta totaled $91.23 per barrel on January 17, increasing by 88 cents 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 $88.99 per barrel, up by 90 cents 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 17 equaled $46.99 per barrel, growing by $1.99 as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, rose by $1.51 compared to the previous price and made up $84.35 per barrel.

(1 USD = 1.7 AZN on January 18)