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Prices of Azerbaijan Oil: Week Review (15-19 January)

Oil&Gas Materials 22 January 2007 16:38 (UTC +04:00)

Last week (15-19 January), the average price on AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $52.33 per barrel, which is by $1.45 per barrel or 2.7% down, versus the average price of the corresponding oil brand fixed in the preceding week, Trend reports. The maximum price on AZERI LT (over 15-19 January) was $53.19 per barrel. The minimum price was $51.82 per barrel.

On 15-19 January, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $44.96 a barrel which by $1.87 per barrel or by 4% down versus the average price on the corresponding oil brand that has been fixed in the preceding week. The maximum price on URAL (15-19 January) was $45.96 a barrel, the minimum one вЂ" $44.16 a barrel.

In this period the average price on the etalon oil brand Brent (DTD) made up $51.43 per barrel that by $0.57 per barrel or by 1.1% down than the average price on the corresponding oil brand had been fixed in the preceding week. Last week, the maximum price on Brent made up $52.42 a barrel, the minimum one - $50.68 per barrel.

The density of Azeri Light is 34.6 degrees by API, the sulfur content is 0.14%. The density of URAL is 30.4-31.85 degrees by API, sulfur content is up to 1.8%. However, during selling this oil brand, its specifications vary depending on prevailing oil brands of high-quality or poor-quality in its content. The density of DTD is 38.3 degrees API, its sulphur content 0.36%.

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