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Review of Azerbaijani Oil Prices from 7 to 11 January

Oil&Gas Materials 14 January 2008 15:49 (UTC +04:00)
Review of Azerbaijani Oil Prices from 7 to 11 January

Azerbaijan, Baku / corr A.Badalova / On 7-11 December, the average price of AZERI LT CIF Augusta which Azerbaijan exports via the ports of Supsa and Batumi was $95.07 per barrel, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997.

The maximum price was $97.31 per barrel, minimum - $92.51 per barrel.

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

The average price of URAL (EX-NOVO) which Azerbaijan exports to Novorossiysk port was $90.06 per barrel. The maximum price was $93.87 per barrel and the minimum - $87.09 per barrel.

The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%, whereas during its sale the specification of this brand of oil changes at different times depending on domination of high or less quality of oil in its composition.

The average price of Brent Dated was $94.29 a barrel. Its maximum price was $96.75 per barrel and the minimum - $91.28 per barrel.

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

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