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Azeri oil market: results of week

Politics Materials 31 October 2005 12:00
Azeri oil market: results of week

From 24 to 28 October URAL(EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $52.91 per barrel or dropped $0.47 barrel, or 0.9%, as compared the last week.

URAL(EX-NOVO) maximal price comprised $54.05 on 26 October, or $1.21 barrels down as compared to last week (17 October), minimal one - $51.99 on 24 October, or $0.55 down as compared to last week (21 October),

Brent average price (DTD) was $58.62 per barrel (dropped $0.63 per barrel), or $1 per barrel down as compared to last week. Brent maximal price comprised $60.11 on 26 October, or $0.65 per barrel down as compared to last week. Minimal price of Brent was $57.74 on 24 October, or $0.99 per barrel as compared to last week (21 October).

URAL (EX-NOVO) was cheaper than Brent by $5.71 per barrel last week, or $1.1 per barrel more than the average figure of last week.

The density of oil URAL is 32 degrees by API, sulphur content - 1.3%. The density of oil DTD is 38.3 degrees by API, sulphur content - 0.36%.

The density of URAL is 32 degrees by API, the sulphur content вЂ" 1.3%.

The density of DTD oil is 38.3 degrees by API, the sulphur content вЂ" 0.36%.

Azerbaijan supposes to sell 400,000 tons URAL oil from Novorossiysk port by four tankers in November. One tanker batch comprised of 145,000 tons will be shipped from pier 1. Three oil consignments each comprised of 85,000 tons of oil will be shipped from pier 2 on 18-19, 24-25, 29-30 November. A total of 315,000 tons falls to the Azerbaijan International Operator Company (AIOC), two consignments per 85,000 - to the State Oil Company of Azerbaijan (SOCAR). In October the SOCAR will shipped 227,000 tons of URAL oil from Novorossiysk in two tankers to Mercuria Energy Trading (142,000 tons) and Vitol (85,000 tons).

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