Azerbaijani oil price exceeds $75

Azerbaijani oil price exceeds $75

Azerbaijani oil price has increased on the world markets.

The price of a barrel of Azeri Light crude oil, produced at the Azeri-Chirag-​Deepwater Gunashli (ACG) field, rose $0,57  at the Italian port of Augusta to trade at $75,18.

Azerbaijan has been producing Azeri Light since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines and by rail to the Georgian port of Batumi. Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.

The price for URALS with shipment from port was $70.97 per barrel, which is $0.57 more than the previous price.