Azerbaijani oil prices increase

By Trend

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 0.72 cents on Jan. 18 compared to the previous price and amounted to $90.56 per barrel, Trend reports referring to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan on Jan. 18 totaled $89.73 per barrel, up by 0.7 cents as compared to the previous price.

The price of URALS oil, sold by Azerbaijan from the Russian Black Sea port of Novorossiysk through the Baku-Novorossiysk pipeline, made up $85.14 per barrel on Jan. 18, increasing by 0.82 cents as compared to the previous price.

Meanwhile, the cost of a barrel of Brent Dated, produced in the North Sea, rose by 0.81 cents compared to the previous price and made up $88.53 per barrel.

The official exchange rate on Jan. 19 is 1.7 AZN/1 USD.