PRICES FOR AZERBAIJANI OIL LOWERED
The price for AZERI LT CIF on 20 September 2005 was $63,90/barrel (decreased for $1,72/barrel as compared to the previous price). The density of Azeri Light is 34,9 degrees by API, the sulphur content is 0,14%.
The price for URAL (EX-NOVO) on 20 September was $58,30/barrel (lowered for $0,41/barrel). The density of the URAL oil is 32 degrees by API, the sulphur content is 1,3%.
The price for Brent (DTD) on 20 September was $62,98/barrel (dropped for $0,93/barrel). The density of the DTD oil is 38,3 degrees by API, the sulphur content is 0,36%.
The quotation of AZERI LT CIF reflects the price of the AzerbaijanвЂ™s oil with deliveries to the Mediterranean ports, shipped by stakeholders of the Azerbaijan International Operating Company (AIOC) at the Georgian terminal in Supsa. The quotation of URAL(EX-NOVO) reflects the price of the oil, shipped at the Russian terminal in Novorossiysk.