Azerbaijani oil raises in price

ECONOMICS  01 April 2023 - 11:26

The price tag for Azerbaijani Azeri Light oil based on CIF in the Italian port of Augusta on March 31 increased by $1.03 compared to the previous figure and amounted to $81.88 per barrel, Trend reports, citing a source in the country's oil and gas market.

Based on FOB in the Turkish port of Ceyhan, the price of Azeri Light increased by $1.25 to $79.79 per barrel.

The cost of URALS oil, sold by Azerbaijan from the Russian Black Sea port of Novorossiysk through the Baku-Novorossiysk pipeline, increased by $2.02 compared to the previous figure, amounting to $47.39 per barrel.

The price of a barrel of Brent Dated oil, produced from the North Sea, rose by $1.06 on March 31 compared to the previous figure, to $79.06 per barrel.

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

Caliber.Az