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Azeri oil prices continue rise

Oil&Gas Materials 29 June 2006 11:17 (UTC +04:00)

The price for AZERI LT FOB was $70.20 per barrel on 28 June (rose $0.54 per barrel as compared to the previous price). The oil is delivered via the Baku-Tbilisi-Ceyhan pipeline, Trend reports.

The price for AZERI LT CIF Augusta was $71.22 per barrel (+ $0.52 per 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) was $65.13 per barrel (+ $0.63 per barrel). Density of

URAL is 30.4-31.85 degrees by API, sulphur content is up to 1.8%.

The price for Brent (DTD) was $71.98 (+ $0.53 per barrel) per barrel. Density of DTD is 38.3 degrees by API, sulphur content is 0.36%.

Traders involved in the European oil transportation markets told Trend the rates of freight cargo on WS scale was as follows:

Direction

Type

In ths tons

28.06.2006

May 2006

April 2006

Novorossiysk Augusta

Oil/black oil products

135

180

149.1

117.2

Novorossiysk Augusta

Oil/black oil products

80

165

181.2

157.7

Black Sea Augusta

Oil/black oil products

30

250

243.8

240.6

Novorossiysk Augusta

Light oil products

30

280

223.8

246.9

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