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Review of Azerbaijani Oil Prices from 5 to 9 May

Oil&Gas Materials 12 May 2008 19:29 (UTC +04:00)

Azerbaijan, Baku, 12 May / Trend corr. A. Badalova/ On 5-9 May, the average price of AZERI LT CIF Augusta, which Azerbaijan exports via the ports of Ceyhan and Batumi, was $122.57 per barrel or $7.87 per barrel up from the previous price, according to the State Oil Company of Azerbaijan (SOCAR). The maximum price was $126.17 per barrel and the min - $119.24 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 via Novorossiysk port, was $113.39 per barrel or $8.18 per barrel up from the previous price. The maximum price was $116.71 per barrel and the minimum - $110.31.

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 $119.66 a barrel, which is $7.9 per barrel up from the previous price.

Its maximum price was $123 per barrel and the min - $116.5.

Плотность Brent Dated составляет 38,3 градусов по API, содержание серы - 0,36 процентов.

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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