Prices for Azeri Oil between 29 October – 2 November
Azerbaijan, Baku /corr Trend A. Badalova / From 29 October - 2 November AZERI LT (CIF) delivered to Ceyhan and the Georgian port of Batumi was sold at $85.33 per barrel. The maximum price was $92.16 per barrel, the minimum - $89.53 per barrel.
The density of Azeri Light is 34.6 degrees by API and its sulphur content is 0.14%. Azeri Light oil is produced from Azeri-Chirag-Gunashli offshore fields, which is developed under BP's operations. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, to the Georgian port of Supsa via the Baku-Supsa pipeline and to the Georgian port of Batumi by railway.
The average price of URAL (EX-NOVO) delivered from the Novorossiysk port was $85.62 per barrel, or $5.62 per barrel more than last week. The maximum price was $87.08 per barrel and the minimum - $84.18 PB.
Azerbaijan exports URAL oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from Novorossiysk Port as URAL. The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%. However, during sale the specification of this brand changes at different times depending on the domination of more or less quality oil brands in its composition.
The average price of Brent Dated was $90.35 per barrel, or $6.01 more per barrel. Its maximum price was $92.09 per barrel and minimum - $88.52 per barrel.
The density of DTD is 38.3 degrees API and its sulphur content is 0.36%.