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Azerbaijani oil prices for Dec. 14-18

Azerbaijani oil prices for Dec. 14-18

Date: 19 December 2015 16:42

Baku, Azerbaijan, Dec. 19
By Maksim Tsurkov – Trend:

The average price for AZERI LT (CIF based), extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $38.3 per barrel on Dec.14-18 or $2.44 per barrel less than the previous week.

The maximum price for AZERI LT was $39.21 per barrel and the minimum price was $37.76 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 reached $33.32 per barrel or $2.58 per barrel less than the previous week.
The maximum price for Urals totaled $34.17 per barrel and the minimum - $32.92 per barrel.

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 $37.14 per barrel or $1.71 per barrel less than the previous week.

The maximum price for Brent was $38.02 per barrel and the minimum - $36.65 during the reporting period.

International financial institutions forecast that the average Brent price will reach $55-60 per barrel in 2016 compared to $53-55 per barrel in the current year.

follow the author on Twitter: @MaksimTsurkov

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Tags:  Azerbaijani oil prices for Dec 14-18


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