Dynamics of changes in some economic segments (22.02- 27.02.2010)

Feb.22-26, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $77.81 per barrel, or $1.38 more than the previous price. The maximum price was $78.75 per barrel. The minimum price was $75.8.

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 $73.81 per barrel, or $0.83 more than the previous price.

The maximum price was $75.17 per barrel and the minimum - $71.57. 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 $76.19 per barrel, or $1.36 more than the previous price. The maximum price was $77.14 per barrel and the minimum - $74.09. Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.  

As a result of trades on Feb. 26, on the New York Mercantile Exchange the price of futures for WTI crude oil with delivery in April increased by $1.49 to $79.66 per barrel. On the InterContinental Exchange in London, the April contract for Brent Crude oil increased in price by $1.30 to $77.59 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 0.80338 manat to 1 U.S. dollar. Last week the maximum rate of the US dollar compared to manat was established Feb.25 (0. 8035 manat to 1 U.S. dollar) and minimum Feb.22-23  (0.8033 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 0,0001 point. The average rate was fixed at 0.80324 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Feb.22, $0,169 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Feb.23, $2,731 million with the average sustained rate of 0.8034 manats to 1 U.S. dollar, Feb.24, $3,774 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, Feb.25, $0,036 million with the average sustained rate of 0.8035 manat to 1 U.S. dollar, and Feb.26, $20.06 million with the average sustained rate of 0.8024 manats to 1 U.S. dollar.

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

Market of privatization shares

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. This decision was taken due to the fact that about 80 percent of the check is derived from the circulation.

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