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Azerbaijani oil prices for Nov.30 – Dec.4

Azerbaijani oil prices for Nov.30 – Dec.4

Date: 5 December 2015 13:42

Baku, Azerbaijan, Dec.5

By Anvar Mammadov – Trend:

The average price for AZERI LT, exported from Azerbaijan via the Turkish port of Ceyhan and Georgian Batumi and Supsa ports, was $44.6 per barrel on Nov.30-Dec.4 or $1.41 per barrel less than the previous week.

The maximum price for AZERI LT, which is produced at the Azeri-Chirag-Guneshli block of Azerbaijani fields, was $46.02 per barrel and the minimum price was $43.89 per barrel during the reporting period.

AZERI LT is delivered to Ceyhan via the BTC and to Georgia - via the Baku-Supsa pipeline, as well as by rail. In 2016 Azerbaijan plans to produce an average of 0.87 million barrels of AZERI LT per day.

The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port stood at $40.27 per barrel or $0.9 per barrel less than the previous week.

The maximum price for Urals totaled $41.73 per barrel and the minimum - $39.31 per barrel on Nov.30-Dec.4.

Azerbaijan sells oil at this Russian port, which is delivered via the Baku-Novorossiysk pipeline. In 2016, the SOCAR state company plans to pump 1.4 million tons of oil through this pipeline.

The average price for Brent Dated was $42.53 per barrel or $1.56 per barrel more than the previous week.

The maximum price for Brent was $44.02 per barrel and the minimum - $41.71 during the reporting period.

International financial institutions forecast that in 2016, the average price for Brent will be $55-$60 per barrel compared to $53-$55 per barrel in 2015.

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Tags:  Azerbaijani oil prices for Nov30 Dec4


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