Azerbaijani oil price jumps in world markets

The price of Azerbaijani Azeri Light crude oil based on CIF in the Italian port of Augusta on November 17 increased by $1.67 and amounted to $83.67 per barrel compared to the previous indicator, News.Az reports.

The price of Azeri LT FOB Ceyhan grew by $1.74 and amounted to $81.86 per barrel.

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 equaled $65.94 per barrel, which is $1.64 more than the previous price.

In general, the cost of a barrel of Dated Brent oil produced in the North Sea increased by $1.93 on November 17 compared to the previous indicator, to $80.08 per barrel.

The official rate is 1.7 AZN/1 USD on November 18.


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