Azerbaijan exports 223 822 tonnes of crude from Novorossiysk Port in April

Azerbaijan exports 223 822 tonnes of crude from Novorossiysk Port in April
# 04 May 2009 14:11 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The Marketing Department of the State Oil Company of Azerbaijan (SOCAR) exported 223 822 tonnes of crude oil from Russia’s Novorossiysk Port during April, down 0.1% from a month ago.

The company press service said in total 833 724 tonnes of crude was exported through this route during January-April.

Brent oil was sold at $50.34, Urals oil at $48.95 and BTC FOB Ceyhan at $50.25 per barrel in April.

Azerbaijan’s Azeri Light is a lighter crude oil and yields more light products at the refinery and less residue.

Because Azeri oil mixes with Russian crudes in Novorossiysk Port (the Black Sea), the mixture is branded as Urals.
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