Azerbaijani Economy 14 july — 11:25

Azerbaijani oil price approaches $77

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The cost of Azerbaijani light oil produced at the Azeri-Chirag-Guneshli (ACG) block of fields based on CIF in the Italian port of Augusta on July 13 was $76.7 per barrel, which is 65 cents more than the previous figure, Trend reports citing a source in the country's oil and gas market.

On the FOB basis in the Turkish port of Ceyhan, the price for Azeri Light made up $76.04 per barrel, which is 66 cents more than the previous indicator.

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

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