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Price of Azerbaijan Oil: Week Review (12 - 16 March)

Oil&Gas Materials 19 March 2007 13:25

Azerbaijan, Baku /corr Trend V.Sharifov / Last week (12 - 16 March), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $61.35 per barrel, which is down $0.49 a barrel or 0.8% less, versus the average price of the corresponding oil brand fixed in the previous week.

The maximum price on AZERI LT was $62.05 per barrel, the minimum price was $60.94 per barrel. The density of Azeri Light is 34.6 degrees by API, the sulfur content is 0.14%.

Last week, the average price of the oil brand URAL (EX-NOVO), Azerbaijan sells via the Russian Port of Novorossiysk was $56.04 a barrel which is up $0.08 a barrel or 0.01% versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URALwas $56.86 per barrel last week. The minimum price was $55.57 a barrel.

The density of URAL is 32 degrees by API, sulfur content is up to 1.3%. However, during selling this oil brand, its specifications vary depending on prevailing oil brands of high-quality or poor-quality in its content.

During this period the average price on etalon oil brand Brent (DTD) was $61.00 per barrel, which is down $0.52 per barrel or by 0.08% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $61.79 a barrel, the minimum price was $60.56 per barrel.

Density of DTD is 38.3 degrees API, its sulphur content is 0.36%. .

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