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Azeri Oil Prices Drop

Oil&Gas Materials 12 September 2006 12:58 (UTC +04:00)

The price for AZERI LT FOB was $62.90 per barrel on 11 September (- $1.66 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 was $63.86 per barrel (- $1.66 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 $58.79 per barrel (- $1.83 per barrel). Density of URAL is 30.4-31.85 degrees by API, sulphur content is up to 1.8%.

The price for DTD was $62.52 (- $1.78 per barrel) per barrel. Density of DTD is 38.3 degrees by API, sulphur content is 0.36%.

Export of Azeri Light oil produced from Azeri-Chirag-Gunashli fields to world markets via the western route started in 1999 from the Georgian port of Supsa.

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