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Review of Azerbaijani Oil Prices from 4 to 8 August

Oil&Gas Materials 11 August 2008 16:05 (UTC +04:00)

Azerbaijan, Baku, 11 August / Trend corr. A. Badalova/ From 4 to 8 August, the average price of AZERI LT CIF Augusta which Azerbaijan exports via the ports of Ceyhan and Batumi was $118.58 per barrel or $7.37 per barrel down from the previous price, according to the State Oil Company of Azerbaijan (SOCAR). The maximum price was $123.5 per barrel, minimum - $115.1 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 $112.51 per barrel or $5.85 per barrel down from the previous price. The maximum price was $117.15 per barrel and the minimum - $109.12.

The density of URALS 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 $115.94 a barrel, which is 8.29 per barrel down from the previous price. Its maximum price was $121.21 per barrel and the minimum - $112.26.

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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