Dynamics of changes in some economic segments (18.01- 23.21.2010)
Jan.25, the price of AZERI LT CIF Augusta was $75.22 per barrel, or $0.32per barrel down, compared to the previous day's price, according to the State Oil Company of Azerbaijan (SOCAR), which has produced Light Oil since 1997.
Azeri Light oil is produced from the Azeri-Chirag-Gunashli offshore fields, which is developed under BP's operations. It is directly delivered to the Turkish port of Ceyhan via the Baku-Tbilisi-Ceyhan main export oil pipeline, to the Georgian port of Supsa via the Baku-Supsa pipeline and to the Georgian port of Batumi by railway.
AZERI LT FOB Ceyhan oil price was $74.29 per barrel, or $0.32 per barrel less than the previous day's price.
Azerbaijan exports URALS oil from the Novorossiysk port, which is delivered via the Baku-Novorossiysk pipeline. The high quality Azerbaijani oil, including Azeri Light, is blended with other oil brands in the Russian pipeline system and is sold from the Novorossiysk Port as URAL.
The price of URAL (EX-NOVO) was $69.99 per barrel, or $0.63 per barrel less than the previous price.
A similar situation was observed with Brent Dated, produced from the North Sea. Jan.25, the price of Brent Dated was $72.63 per barrel, $0.28 per barrel down compared to the previous price.
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0003 points or 0.03 percent. The average rate was established at 0.80312 manat to 1 U.S. dollar
Last week the maximum rate of the US dollar compared to manat was established on Jan.21-22 (0. 8033 manat to 1 U.S. dollar) and minimum on Jan.18-20 (0.8030 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), consolidated by 0.0013 points (0.13 percent). The average rate was fixed at 0.80304 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Jan.18 deals were not concluded and therefore the rate remained on the previous level - 0.8032 manat to 1 U.S. dollar, Jan.19, $11.471 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Jan.20 deals were not concluded and therefore the rate remained on the previous level - 0.8034 manat to 1 U.S. dollar, Jan.21, $5.32 million with the average sustained rate of 0.8033 manat to 1 U.S. dollar, and Jan 22, $17.708 million with the average sustained rate of 0.8019 manat 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).
Privatization Shares Market
Last week the price of the privatization vouchers stood at the same level, purchase was 8 manat, and sale - 9 manat.
Under the President Ilham Aliyev's decree on additional measures for ensuring the use of the state privatization vouchers, the validity period of the vouchers was prolonged until Jan. 1, 2011