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Prices for Azerbaijan oil continued dropping

Oil&Gas Materials 6 February 2006 12:30 (UTC +04:00)

The price for AZERI LT CIF on 3 February was $62,61/barrel (lowered for $0,79/barrel against the previous price). Density of Azeri Light is 34,6 degrees by API, sulphur content is 0,14%.

As Trend reports, the price for URAL (EX-NOVO) on 3 February was $55,22/barrel (lowered for $0,88/barrel against the previous price). Density of URAL is 30,4-31,85 degrees by API, sulphur content is up to 1,8%.

The price of Brent (DTD) on 3 February was $62,19/barrel (lowered for $0,80/barrel against the previous price). Density of DTD is 38,3 degrees by API, sulphur content is 0,36%.

Quotation of AZERI LT CIF reflects the price of the Azerbaijan oil with delivery to the Mediterranean ports, shipped by the stock-holders of the Azerbaijan International Operating company (AIOC) at the Georgian terminal in Supsa. Quotation of URAL(EX-NOVO) reflects the price of the oil, shipped at the Russian terminal in Novorossiysk.

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