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Prices for Azerbaijani Oil dropped

Oil&Gas Materials 19 November 2005 12:27 (UTC +04:00)

The price for AZERI LT CIF on 18 November was $54,39/barrel (lowered for $0,89/barrel against 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 18 November was $47,49/barrel (decreased for $0,87/barrel). The density of URAL is 32 degrees by API, the sulphur content is 1,3%, Trend reports.

The price of (DTD) on 18 November was $52,60/barrel (dropped for $0,98/barrel). The density of DTD is 38,3 degrees by API, the sulphur content is 0,36%.

The AZERI LT CIF quotation reflects the cost of the Azerbaijan’s oil with the delivery to the Mediterranean ports, shipped by the shareholders 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.

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