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Azerbaijani oil prices for Jan. 4-8

Azerbaijani oil prices for Jan. 4-8

Date: 10 January 2016 12:12

Baku, Azerbaijan, Jan.10
By Maksim Tsurkov – Trend:

The average price for AZERI LT (CIF based), extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $36.11 per barrel on Jan. 4-8 or $1.46 per barrel less than the previous week.

The maximum price for AZERI LT was $37.64 per barrel and the minimum price was $34 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 $30.58 per barrel or $2.02 per barrel less than the previous week.

The maximum price for Urals totaled $32.31 per barrel and the minimum - $28.44 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 $34.25 per barrel or $2.19 per barrel less than the previous week.

The maximum price for Brent was $36.53 per barrel and the minimum - $31.7 during the reporting period.

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Follow the author on Twitter: @MaksimTsurkov

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