Dynamics of changes in some economic segments (09.11- 14.11.2009)

On Nov. 9- Nov. 13, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $78.37 per barrel, or $0.046 less than the previous price.

The maximum price was $79.32 per barrel. The minimum price was $77.09.

Azeri Light's density is 34.6 degrees API with a 0.14-percent sulfur content.

The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $74.76 per barrel, or $0.362 less than the previous price.

The maximum price was $75.8 per barrel and the minimum - $73.55.

Urals' density is 32 degrees API with a sulfur content up to 1.3 percent. The oil grade's specifications vary when sold depending on its high/low-quality content.

The average price on Brent Dated was $76.36 per barrel, or $0.2 less than the previous price.   

The maximum price was $77.24 per barrel and the minimum - $75.09.

Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.  

As a result of trades on Nov. 13, on the New York Mercantile Exchange the price of futures for WTI crude oil with delivery in December decreased by $0.59 to $76.35 per barrel. On the InterContinental Exchange in London, the December contract for Brent Crude oil reduced in price by $0.47 to $75.55 per barrel. Срок действия декабрьского контракта в пятницу истек. Cost of the December contract decreased by $0.46 to $76.31 per barrel.

Currency market

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0. 0.80294manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established on Nov.9 and Nov.13 (0. 8030 manats to 1 U.S. dollar) and minimum on Nov.10 and Nov.12 (0.8029 manats to 1 U.S. dollar).

As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX) remained unchanged. The average rate was fixed at 0.8031 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.9, $3.68 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, Nov.10, $2,175 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, and Nov.11 there was no deals and the average rate was 0. 8031 manats to 1 U.S. dollar, on Nov.12, $3.78 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, and on Nov.13, $0.075 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar.

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN (Ň+1, Ň+2).

Market of privatization shares

Last week the price of the privatization vouchers remained unchanged and purchase was 8 manats, and sale - 9 manats. The validity period of the vouchers will expire on Jan. 1 2010. So far, around 75 percent of vouchers has been derived, and another extension of their validity period remains uncertain.