Azeri oil market: results of week
From 24 through 28 April AZERI LT average price, sold by Azerbaijan in Supsa and Novorossiysk port, was $71.34 per barrel or $0.67 per barrel down as compared to the previous week, Trend reports. In this period maximal price of AZERI LT was $73.04 per barrel, minimal - $69.99 per barrel
Last week price of URAL (EX-NOVO), marketed at the Novorossiysk port, was $65.16 per barrel, or $0.54 per barrel down than the average price of the previous week. URAL (EX-NOVO) maximal price comprised $66.38 per barrel, minimal one - $64.15 per barrel.
Brent average price (DTD) was $72.85 per barrel ($0.51 more as compared to previous week). Brent maximal price comprised $74.12 per barrel, minimal price of Brent was $71.66 per barrel.
The density of Azeri Light is 34.6 degrees by API, sulphur content 0.14%. 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%.
In the first quarter of 2006 the oil transportation by the SOCAR decreased has fell 3 times as compared to last year. It is explained with the increase of oil production on ACG and its transportation by the AIOC via the northern oil pipeline. As a result, the AIOC engages approximately 80% of the pipeline and the SOCAR delivers around 60,000-80,000 tons of oil a month. From June the AIOC might diversify the oil transportation with the commencement of the exploitation of the BTC. However, the export volume by the SOCAR allocated for this pipeline will depend on the volume of oil production by the AIOC and the work of the BTC. In May the State Oil Company of Azerbaijan (SOCAR) ship 60,000 tons of Urals oil via the Baku-Novorossiysk pipeline.