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Dynamics of changes in some economic segments

Politics Materials 27 November 2007 12:01 (UTC +04:00)

Oil market

On 19-23 November, the average price of AZERI LT CIF Augusta which Azerbaijan exports via Supsa and Batumi ports was $94.61 PB, or $9.28 PB up from the previous price, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997. The maximum price was $95.94 PB, minimum - $92.05 PB.

The density of Azeri Light is 34.6 degrees by API and its sulphur content is 0.14%.

The average price of URAL (EX-NOVO) which Azerbaijan exports to Novorossiysk port was $91.13 PB or $11.13 PB up from the previous price. The maximum price was $9.1 PB and minimum - $88.5 PB.

The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%.

The average price of Brent Dated was $94.17 PB, which is %9.83 PB up from the previous price. Its maximum price was $95.46 PB and minimal - $91.69 PB.

The density of DTD is 38.3 degrees API and its sulphur content is 0.36%.

Currency market

Last week the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan, rose by 0.0001 points or 0.01%. The average rate was established at AZN 0.84772 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 19 November (0.8478 manats to 1 US dollar), the minimum on 20-23 November (0.8477 to 1 US dollar).

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results from the Baku Interbank Currency Exchange (BICEX), decreased by 0.0002 points or 0.02%. The average rate was fixed at 0.8478 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 19 November (AZN 0.8479 to 1 US dollar), the minimum on 23 November (AZN 0.8477 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $8.63mln with an average sustained rate of 0.8479 AZN/USD on 19 November, $18.905mln with an average sustained rate of 0.8478 AZN/USD on 20 November, $31.375mln with an average sustained rate of 0.8478 AZN/USD on 21 November, $0.2mln with an average sustained rate of 0.8478 AZN/USD on 22 November and $4.817mln with the rate of 0.8477 AZN/USD on 23 November.

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. No deal with EUR/AZN T+0 was fixed.

Privatization shares market

In this period the price of vouchers remained unchanged, AZN 16. The duration of

allocation of privatization vouchers was extended to 1 January 2010.

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