Price of Azerbaijan Oil: Week Review (April 2 - 6)

Azerbaijan, Baku /corr Trend V.Sharifov / Last week (2 - 6 April), the average price of AZERI LT (CIF) oil brand, Azerbaijan sold via the Georgian Ports Supsa and Batumi was $68.29 per barrel, which is up $2.3 a barrel or 3.4% less, versus the average price of the corresponding oil brand fixed in the previous week, Trend reports.

The maximum price on AZERI LT was $68.98 per barrel, the minimum price was $67.24 per barrel against $57.24 per barrel last week.

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 $63.36 a barrel which is up $2.46 a barrel or 4% versus the average price of the corresponding oil brand fixed in the previous week. The maximum price on URAL was $63.66 per barrel last week. The minimum price was $62.66 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.

In this period the average price on the etalon oil brand Brent (DTD) was $68.69 per barrel, which less $2.66 per barrel or by 4% from the average price on the corresponding oil brand fixed in the previous week. Last week, the maximum price on Brent was $61.76 a barrel, the minimum price was $59.83 per barrel.

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

Since the beginning of 2007 average price of Azeri Light, delivered to Augusta port on CIF terms, made up $58.68 per barrel, or $7.12 per barrel less than 2006 figure. In 2005 average price of Azeri Light CIF Аugusta made up $55 per barrel, or $15 per barrel less than 2004 figure.

Since the beginning of 2007 average premium of Azeri LT CIF with respect to Brent Dated made up $0.75 per barrel against $0.25 per barrel in 2006. In 2005 average premium of Azeri LT CIF with respect to Brent Dated comprised $0.6 per barrel against $0.90 per barrel in 2004.