Azerbaijani Oil Income in February 2015

Azerbaijani Oil Income in February 2015

Azerbaijani oil export slight increased last month compared with January 2015 since the country exported 1,885 million tones crude oil to the world market in February 2015. According to the State Oil Company of Azerbaijan Republic (SOCAR), 84 thousand 807 tons of crude oil from the Novorossiysk Port, 254 thousand 179 tons of crude oil from the Supsa Port, and 1 million 630 thousand 350 tons of crude oil from the Ceyhan Port last month. Azerbaijan exported 1 million 697 thousand 768 tones crude oil through Baku-Tbilisi-Ceyhan (BTC) pipeline in January 2015.

Average price for Azeri crude oil in February 2015 was $ 59.99 US per barrel. Meanwhile, average price for Azerlight, Azerbaijani oil, was $ 49,53 US per barrel in January 2015. It means Azeri crude oil price increased by 17.5 % in the world market last month compared with January 2015.

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