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Prices for Azerbaijan oil lowered

Oil&Gas Materials 13 February 2006 16:03 (UTC +04:00)

The price for AZERI LT CIF on 10 February was $60,66/barrel (dropped for $0,96/barrel against the previous price). Density of Azeri Light is 34,6 degrees by API, sulphur content is - 0,14%.

The price for URAL (EX-NOVO) on 10 February was $53,42/barrel (lowered for $0,86/barrel against the previous price). Density of URAL is 30,4-31,85 degrees by API, sulphur content is up to 1,8%, Trend reports

The price of Brent (DTD) on 10 February was $59,81/barrel (decreased for $0,95/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 share-holders of the Azerbaijan International Operating (РђIOC) 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.

As traders operating at the European market told Trend, the freightage rates of vessels by the deadweight of 135,000 tons for transportation of oil and dark oil products from Novorossiysk to Augusta grew up to ws180 points. Analogues rates for vessels with the deadweight of 80,000 tons have not changed - ws170. From the Black Sea to Augusta the rates today for the ships of the 30,000 tons deadweight are ws300. For transportation of oil and light oil products from Novorossiysk to Augusta by the ships of the deadweight of 30,000 tons the rates were - ws335.

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