The price of Azeri LT FOB Ceyhan on Oct.19 amounted to $85.98 per barrel, also up by 42 cents as compared to the previous price.
Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi.
Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline.
The price of URALS with shipment from the port made up $81.08 per barrel on Oct.19, which grew by 29 cents as compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea rose by 40 cents compared to the previous price and made up $85.03 per barrel.
More about: Azeri-Light
