Azeri oil market: results of week

Azeri oil market: results of week

From 23 through 27 January URAL (EX-NOVO) average price, sold by Azerbaijan in Novorossiysk port, was $58.39 per barrel or rose $0.76 barrel as compared to the last week (16 - 20 January), Trend reports

URAL(EX-NOVO) maximal price comprised $59.65 on 23 January, or $3.81 a barrel more as compared to last week (20 January), minimal one - $57.21 on 26 January, or $0.30 down as compared to last week (16 January).

Brent average price (DTD) was $63.77 per barrel (rose $0.85 per barrel). Brent maximal price comprised $64.80 on 27 January, or $0.50 per barrel up as compared to last week. Minimal price of Brent was $62.61 on 25 January, or $2.18 per barrel as compared to last week (19 January).

URAL (EX-NOVO) was cheaper than Brent by $5.38 per barrel last week, or $1.61 per barrel more than the average figure of last week (16-20 January).

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

The State Oil Company of Azerbaijan (SOCAR) closed tender for sale of 140,000 tons of the Urals oil from the port of Novorossiysk in February 2006 with the basis FOB, SOCAR told Trend. Tauras Petroleum, a Swiss trader, won the tender.

The shipment of the oil cargo is expected on 23-24 February from the berth N1 at the Novorossiysk oil terminal.

In 2005, SOCAR shipped 1,631 million tons of oil from Novorossiysk against 2,559 million tons in 2004. In December 2005 the oil shipment from Novorossiysk was 86,500 tons against 167,200 tons a month before and 166,300 tons in December 2004.

Among all companies in 2005 the Glencore trader bought mostly the oil from Novorossiysk, 557,000 tons from SOCAR, the Russian LUKOIL is on the second place with 464,000 tons.

The following companies bought oil batches from SOCAR since the start of 2006 РіРѕРґР°:

January Glencore (85,000 tons).

February Taurus Petroleum (140,000 tons).

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