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PRICES FOR AZERBAIJAN’S OIL GREW

Oil&Gas Materials 20 July 2005 12:49 (UTC +04:00)

The price for AZERI LT CIF on 19 July was $57,46/barrel (grew by $0,33/barrel as compared to the previous price). The density of Azeri Light is 34,9 degrees by the API, the sulphur content - 0,14%.

The price for URAL (EX-NOVO) on 19 July was $53,83/barrel (grew by $0,53/барр.). The density of URAL is 32 degrees by API, sulphur content - 1,3%.

The price for Brent (DTD) on 19 July was $56,82/barrel (grew by $0,33/barrel). The density of DTD is 38,3 degrees by API, sulfur content - 0,36%.

The AZERI LT CIF quotation reflects the cost of the Azerbaijan’s oil with delivery to the Mediterranean ports, shipped by the shareholders of the Azerbaijan International Operating Company (AIOC) at the Georgian terminal in Supsa. The URAL(EX-NOVO) quotation reflects the price of the oil, shipped at the Russian terminal in Novorossiysk.

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