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Azerbaijani oil prices increase

Tokyo, 31 August, /AJMEDIA/

The price for Azerbaijani Azeri Light oil on CIF basis in the Italian port of Augusta on August 30 increased by $0.65 and amounted to $89.86 per barrel, AJMEDIAreports, referring to the source from the country’s oil and gas market.

The price of Azerbaijani Light on FOB base in the Turkish port of Ceyhan increased by $0.65 and amounted $88.85 per barrel.

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 $71.53 per barrel, up by $0.25 as compared to the previous price.

Meanwhile, the cost of a barrel of Dated Brent oil, produced in the North Sea, increased by $0.23 compared to the previous price and made up $86.1 per barrel on August 30.

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