27th International
Caspian Oil & Gas Exhibition
1 - 3 June 2021	• Baku Expo Center
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CASPIAN OIL & GAS - Azerbaijani oil prices for July 11-15
Azerbaijani oil prices for July 11-15
The average price for AZERI LT CIF, extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $48.24 per barrel on July 11-15 or $0.23 per barrel less than the previous week.
The maximum price for AZERI LT was $49.18 per barrel and the minimum price was $47.24 per barrel during the reporting period.
Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports – Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia – via the Baku-Supsa pipeline and railway.
Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $43.75 per barrel on July 11-15 or $0.75 per barrel less than the previous week.
The maximum price for Urals totaled $44.4 per barrel and the minimum - $42.78 per barrel on July 11-15.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port. SOCAR plans to pump 1.4 million tons of oil through the pipeline in 2016.
The average price for Brent Dated was $45.65 per barrel on July 11-15 or $0.3 per barrel less than the previous week.
The maximum price for Brent was $46.55 per barrel and the minimum - $44.74 during the reporting period.
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Dear guests and exhibitors of the exhibition!
Due to the worldwide spread of the coronavirus COVID-19, the exhibition company Iteca Caspian notifies you that 27th International Caspian Oil & Gas Exhibition has been postponed to June 1-3, 2021.
In turn, we continue to work to provide the best service for you in this difficult period.
We believe that even difficult times are an additional incentive for development and new beginnings, and the exhibition is a unique place for this.
Thank you for your understanding and wish you success and prosperity, and most importantly - health to you and your family!
See you at the exhibition!