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Azeri oil prices increase

Oil&Gas Materials 12 December 2005 14:46

The price for AZERI LT CIF on 9 December was $59.39 per barrel (rose $0.72 per barrel). The density of Azeri Light is 34.9 degrees by API, the sulphur content вЂ" 0.14%

The price for URAL (EX-NOVO) was $52.05 per barrel (+$0.91per barrel). The density of URAL is 32 degrees by API, the sulphur content вЂ" 1.3%.

The price for Brent (DTD) was $57.37 per barrel (+$0.97 per barrel).

The density of DTD oil is 38.3 degrees by API, the sulphur content вЂ" 0.36%.

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

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