Azerbaijan, Baku, August 30 / Trend E. Ismailov /
On August 29, the price of AZERI LT CIF Augusta was $120.65 per barrel, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997. On Thursday the oil price increased by $0.81 per barrel as compared to Wednesday.
Azeri Light oil is produced from the Azeri-Chirag-Gunashli offshore fields. 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.
AZERI LT FOB Ceyhan oil price was $119.85 per barrel on August 29 or $0.83 more compared to the previous price.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline.
The price of URALS (EX-NOVO) was $115.33 per barrel on August 29, which is $0.88 more than the previous price.
The price of Brent Dated, produced from the North Sea, was $116.7 per barrel on August 29, which is $0.63 more than the previous price.