The price of Azerbaijani light oil produced at the Azeri-Chirag-Guneshli (ACG) block of fields based on CIF in the Italian port of Augusta was $ 69.84 per barrel on March 12, which is $ 0.12 more than the previous indicator, haqqin reports. .az with reference to a source in the country’s oil and gas market.
On the FOB basis in the Turkish port of Ceyhan, the Azeri Light price was $ 69 per barrel, which is $ 0.12 more than the previous indicator. Azerbaijan has been producing Azeri Light since 1997 and exporting it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.
Azerbaijan also sells URALS oil from the Russian Black Sea port of Novorossiysk, delivering raw materials via the Baku-Novorossiysk pipeline. The price of URALS (ex-export) was $ 66.33 per barrel, $ 0.19 less than the previous price.
The price of a barrel of Brent Dated, produced from the North Sea, was $ 69.29 a barrel on March 12, up $ 0.13 more than the previous price.