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Review of Azerbaijani Oil Prices

Oil&Gas Materials 14 April 2008 15:36 (UTC +04:00)
Review of Azerbaijani Oil Prices

Azerbaijan, Baku, 14 April / corr Trend A.Badalova / From 7 April - 11 April, the average price of AZERI LT CIF which Azerbaijan exports via the ports of Ceyhan and Batumi was $109.24 per barrel or $5 up from the previous week, according to the State Oil Company of Azerbaijan (SOCAR). The maximum price was $110.08 per barrel and the minimum - $107.81 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 $101.3 per barrel or $6.03 more than previous week. The maximum price was $102.27 per barrel and the minimum - $100.02.

The density of URAL is 32 degrees by API and its sulphur content is up to 1.3%, however the sale specification of this oil brand differs at different times depending upon the domination of more (or less) qualitative oil in its composition.

The average price of Brent Dated was $106.33 a barrel, an increase of $5.84 per barrel. Its maximum price was $107.31 per barrel and the minimum - $104.77. The density of Brent Dated is 38.3 degrees API and sulphur content in it is 0.36%.

The correspondent can be contacted at [email protected]

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