Azerbaijan, Baku, Dec. 23 / Trend , A.Badalova/ On Dec. 23, the price of AZERI LT CIF Augusta totaled $41.96per barrel or $1.3per barrel less as compared to the price of Dec. 22, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997.
AZERI LT FOB Ceyhan oil price was $40.68per barrel or $1.3per barrel less than the previous price, SOCAR said.
Azeri Light oil is produced from the Azeri-Chirag-Gunashli offshore fields, which is developed under BP's operations. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, to the Georgian port of Supsa via the Baku-Supsa pipeline and to the Georgian port of Batumi by railway.
The price of URAL (EX-NOVO) was $36.38per barrel, or $1.82per barrel less as compared to the previous price.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk Port as URAL
The price of Brent Dated produced from the North Sea was $38.47 per barrel, or $1.5per barrel less compared to the previous price.
