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PRICES FOR AZERBAIJANI OIL DROP

Oil&Gas Materials 17 June 2005 14:28 (UTC +04:00)

The price for AZERI LT CIF on 16 June was $54,11 per barrel (fell $0,52 per barrel as compared to the previous price), Trend reports. The Azeri Light density is 34,9 degrees by API, sulphur content - 0,14%.

The price for URAL(EX-NOVO) is $50,42 per barrel (- $0,56 per barrel). The URAL oil density is 32 degrees by API, sulphur content is 1,3%.

The Brent (DTD) price is $54,26 per barrel (- $0,78 per barrel). The DTD oil density is 38,3 degrees by API, sulphur content is - 0,36%.

The AZERI LT CIF quotation represents the price of the Azerbaijani oil with delivery to the Mediterranean ports, shipped by the Azerbaijan International Operation Company (AIOC) shareholders at the Georgian Supsa terminal. The URAL(EX-NOVO) quotation represents the price of oil, shipped at the Russian terminal in Novorossiysk.

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