Sept.27-Oct.1, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi, Supsa ports was $81.8 per barrel, or about $1.54 less than the previous price. The maximal price was $84.77 per barrel. The minimal price was $79.51.
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 $77.98 per barrel, or $1.1 less than the previous price.
The maximal price was $80.85 per barrel and the minimal - $76.09. 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 $79.95 per barrel, or $1.65 less than the previous price. The maximal price was $82.83 per barrel and the minimal - $77.78. Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
World oil and gas price review for Oct.1 is provided by Energy Intelligence Group.
Currency market
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated by 0.0003 points or 0.03 percent. The average rate was established at 0.80276 manat to 1 U.S. dollar.
The maximum rate of the US dollar compared to manat was established Sept. 27-28 (0.8029 manat to 1 U.S. dollar) and minimum was established Oct.1 at 0.8026 manat 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 at 0.8032 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 27 - $0,098 million with exchange rate of 0.8032 AZN/USD, Sept. 28 - $5.6 million with exchange rate of 0.8032 AZN/USD, Sept.29- no deals were concluded. So, the rate remained at the same level of 0.8032 AZN/USD, Sept. 30 - $3.13 million with exchange rate of 0.8032 AZN/USD, Oct.1 - no deals were concluded. So, the rate remained at the same level of 0.8032 AZN/USD.
No deal was concluded with USD/AZN T+1 and T+2 due to too few appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN.
Market of privatization shares
Last week, the price on privatization vouchers remained without changes, with purchases was running for five manat and sales for six manat. President Ilham Aliyev's decree on additional measures to ensure the use of state privatization vouchers prolonged the validity period until Jan. 1, 2011. This decision was made as roughly 80 percent of the vouchers were still in circulation.