Azerbaijani oil prices down on June 14

By  Trend

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $76.7 per barrel at the Italian port of Augusta on June 14, that is $0.27 less than on June 13, a source in Azerbaijan’s oil and gas market told Trend June 15.

The AZERI Light FOB Ceyhan oil price was $75.96 per barrel on June 14, or $0.21 less than the previous price.

Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.

Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.

The price for URALS-NOVO was $73.43 barrel on June 14, or $0.18 less than the previous price.

The price for a barrel of Brent Dated, produced from the North Sea, stood at $74.82 on June 14, which is $0.09 less compared to the previous price.