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Prices of Azerbaijani oil continue to grow

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The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.14 on Oct.22 compared to the previous price, reaching $42.63 per barrel, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT FOB Ceyhan amounted to $42.13 per barrel in Oct.22, which is up by $1.12 compared to the previous price.

Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi.

Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline.

The price of URALS with shipment from the port reached $41.85 per barrel in Oct.22, having grown by 98 cents compared to the previous price.

The cost of a barrel of Brent Dated oil, produced in the North Sea, made up $41.52 per barrel, up by $1.05 compared to the previous price.

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Armenian Aggression

Productivity of Azerbaijani liberated lands to be assessed

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Assessment to study the level of yield of the liberated lands of Azerbaijan will be carried out, Director of the Institute of Geosciences and Agrochemistry of the Azerbaijan national Academy of Sciences (ANAS), Alovsat Guliyev told Trend.

According to Guliyev, the state of the soil in those territories will be studied with the participation of scientists.

“Before the occupation, these lands were regularly assessed. The lands liberated from occupation are very fertile. Most of the Gubadly and Jabrayil districts are suitable for rainfed agriculture. A good harvest can be obtained from these lands,” Guliyev said.

The expert added that the lands of the Kalbajar district are more suitable for animal husbandry, as well as for use as fodder and summer pastures.

“In general, the lands of Karabakh are very suitable for agriculture. They have very favorable conditions for the development of animal husbandry,” said the scientist.

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Armenian Aggression

OSCE potential in settlement of conflicts remains in demand – Russian FM

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Russia hopes for more active support of the countries of the Organization for Security and Cooperation in Europe (OSCE) for the reached trilateral declaration on the complete cessation of hostilities in the Nagorno-Karabakh region, Russian Foreign Minister Sergei Lavrov told the participants of the Ministerial Council of the OSCE participating states in the video message, Trend reports with reference to TASS.

"The potential of the organization in resolving conflicts remains in demand,” Lavrov said. “The reached agreements on resolving crisis situations in the OSCE area must receive more support from the participating states, which will facilitate their implementation.”

“We expect this with regard to the settlement of the Armenia-Azerbaijan Nagorno-Karabakh conflict, to which we will continue to assist,” the minister added. “We appreciate the cooperation among the three co-chairs of the OSCE Minsk Group."

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Armenian Aggression

Karabakh agreement can positively influence Turkish-Armenian relations – Mevlut Cavusoglu

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The Karabakh agreement can have a positive impact on the relations between the official Ankara and Yerevan, Turkish Foreign Minister Mevlut Cavusoglu said, Trend reports citing the Turkish media.

Turkish media made the remark during the 27th meeting of the OSCE Foreign Ministers Council in the format of a video conference.

“We support all efforts to end the conflict in Karabakh on the basis of international principles, taking into account the territorial integrity of Azerbaijan. The agreement signed between Azerbaijan, Armenia and Russia creates real opportunities for peace after 30 years. This can have a positive impact on regional stability, as well as on Turkish-Armenian relations,” Cavusoglu stressed.

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