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Review of Azerbaijani Oil Prices from 28 July-1 August

Business Materials 4 August 2008 18:05 (UTC +04:00)
Review of Azerbaijani Oil Prices from 28 July-1 August

zerbaijan, Baku, 4 August / Trend corr. A.Badalova/ From 28 July to 1 August, the average price of AZERI LT CIF Augusta which Azerbaijan exports via the ports of Ceyhan and Batumi was $125.95 per barrel or $3.72 per barrel less than the previous price, said the State Oil Company of Azerbaijan (SOCAR).

The maximum price was $127.72 per barrel, minimum - $123.98 per barrel

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

The average price of URALS (EX-NOVO) which Azerbaijan exports via Novorossiysk port was $118.36 per barrel or $0.91 per barrel less than from the previous price.

The maximum price for URALS was $119.57 per barrel and the minimum - $116.58.

The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%. However, specifications of this oil grade change when being sold depending on domination of high/low-quality oil in its content.

The average price of Brent Dated was $124.23 a barrel, which is $2.45 per barrel less than the previous price. Its maximum price was $125.93 per barrel and the minimum - $122.5 per barrel.

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

The correspondent can be contacted at: [email protected]

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