25th Anniversary International Caspian Oil & Gas Conference

29 May - 1 June 2018 • Baku Expo Center

Media Centre » News

Caspian Oil & Gas Azerbaijan - Azerbaijani oil prices for July 11-15

Azerbaijani oil prices for July 11-15
18.07.2016

News

The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $48.24 per barrel on July 11-15 or $0.23 per barrel less than the previous week.

The maximum price for AZERI LT was $49.18 per barrel and the minimum price was $47.24 per barrel during the reporting period.

Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports – Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia – via the Baku-Supsa pipeline and railway.

Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $43.75 per barrel on July 11-15 or $0.75 per barrel less than the previous week.

The maximum price for Urals totaled $44.4 per barrel and the minimum - $42.78 per barrel on July 11-15.

Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port. SOCAR plans to pump 1.4 million tons of oil through the pipeline in 2016.

The average price for Brent Dated was $45.65 per barrel on July 11-15 or $0.3 per barrel less than the previous week.

The maximum price for Brent was $46.55 per barrel and the minimum - $44.74 during the reporting period.


News

All news