USD 96.1021

+0.03

EUR 105.4854

+0.38

Brent 73.53

-2.19

Natural gas 2.458

-0.03

286

Azeri Light

Light grades with low density and sulphur are mostly used to make naphtha, gasoline and jet fuel, refined products.

Azeri Light

  • API Gravity: 34.8°
  • Sulphur content: 0.15%
  • Port of sale: Supsa, Georgia
  • Operating company: BP SOCAR
Azeri Light is produced offshore Azerbaijan in the Caspian Sea from the Chirag (~140kbd) and Central Azeri (~210kbd) fields. West Azeri began producing in early 2006, East Azeri in 2007, and Deepwater Guneshli in 2008.

Production reached 1MBD in 2010. Azeri light is operated by AIOC, a BP-led consortium, under a Production Sharing Agreement with the state oil company SOCAR. ExxonMobil's equity share is 8%.

Once established in 2008, SOCAR Trading took over the torch and has successfully marketed close to 1 billion barrels of Azeri Light crude on a global scale.

As of now, Azeri crude is delivered through mainly 2 pipelines: the Western Route Export Pipeline (WREP) in Georgia and the Baku-Tbilisi-Ceyhan pipeline (BTC) in Turkey.