Dynamics of changes in some economic segments (07.06- 12.06.2010)

June 7-11, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $74.7 per barrel, or $ 0.312 less than the previous price.

The maximum price was $76.3 per barrel. The minimum price was $72.87. Azeri Light's density is 34.6 degrees API with 0.14-percent sulfur content.

The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $71.26 per barrel, or $0.282 less than the previous price.

The maximum price was $72.87 per barrel and the minimum - $69.51. Urals' density is 32 degrees API with 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 $72.62 per barrel, or $0.46 less than the previous price. The maximum price was $74.2 per barrel and the minimum - $70.88. Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.  

Monetary market

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, rose by 0.0001 points or 0.01 percent. The average rate was established at 0.80372 manat to 1 U.S. dollar.

The maximum rate of the US dollar compared to manat was established June 9 and 10 (0.8038 manat to 1 U.S. dollar) and minimum June 8 (0.8036 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) rose 0.0001 points or 0.01 percent. The average rate was fixed at 0.8037 to 1 U.S. dollar. 

Deals concluded last week at BEST with transition to currency (T+0) comprised: June 7 -deals were not concluded and the rate remained at the level 0.8037 manats to 1 U.S. dollar, June 8 - $4.1 million with the average sustained rate of 0.8037 manats to 1 U.S. dollar, June 9 - $1.73 million with the average sustained rate of 0,8039 manats to 1 U.S. dollar, June 10 -  $1.9 million with the average sustained rate of 0.8039 manats to 1 U.S. dollar, and June 11 - $1.509 million with the average sustained rate of 0.8038 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 9 manat, and sale - 10 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.

Weekly actual topics in Azerbaijan (April 16-20)
Weekly actual topics in Azerbaijan (April 16-20)
Weekly tenders in the region (April 16-20)
Weekly tenders in the region (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
Last week’s laws, orders and decrees in Azerbaijan (April 16-20)
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