Price of Azerbaijani oil exceeded $ 78

The cost of Azerbaijani light oil mined at the Azeri-Chirag – Guneshley field (ACH), on the CIF base in the Italian port August of the Fifth of July amounted to 78.35 dollars per barrel, which is 0.86 dollars more than the previous indicator.

Based on FOB in Turkish port, Ceyhan, the price of Azeri Light amounted to 77.71 dollars per barrel, which is 0.85 dollars more than the previous indicator. Azerbaijan is produced by Azeri Light since 1997 and exports through the pipelines Baku – Tbilisi – Ceyhan and Baku – Supsa, as well as by rail – in Georgian port Batumi.

Azerbaijan also sells urals grade oil from the Russian Black Sea Port Novorossiysk, delivering raw materials on the Baku-Novorossiysk pipeline. The price of URALS with shipment from the port was $ 74.42 per barrel, an increase in the previous indicator by 0.91 dollars.

The cost of barrel of oil reference variety Brent Dated extracted in the North Sea, in the fifth of July amounted to 78.39 dollars, which is 0.77 dollars more than the previous indicator.