Azerbaijani oil prices up

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $68.50 per barrel at the Italian port of Augusta on March 18, or $0.32 more than on March 15.

The AZERI Light FOB Ceyhan oil price was $67.85 per barrel on March 18, or $0.34 more than the previous price.

Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.