Oil market
The average price for AZERI LT (CIF based), extracted on the block of Azerbaijani fields Azeri-Chirag-Guneshli, was $34.59 per barrel on Jan. 25-29 or $3.99 per barrel more than the previous week.
The maximum price for AZERI LT was $35.98 per barrel and the minimum price was $32.9 per barrel during the reporting period.
Azerbaijan sells AZERI LT via the Turkish port of Ceyhan and Georgian ports - Batumi and Supsa. The oil is supplied to Ceyhan via the BTC pipeline and to Georgia - via the Baku-Supsa pipeline and railway.
Azerbaijan plans to extract an average of 0.87 million barrels of Azeri Light per day in 2016.
The average price for Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port reached $29.3 per barrel or $3.97 per barrel more than the previous week.
The maximum price for Urals totaled $31.03 per barrel and the minimum - $27.47 per barrel.
Azerbaijan sells oil supplied via the Baku-Novorossiysk pipeline through this Russian port.
SOCAR plans to pump 1.4 million tons of oil through the pipeline in 2016.
The average price for Brent Dated was $31.7 per barrel or $3.89 per barrel more than the previous week.
The maximum price for Brent was $33.11 per barrel and the minimum - $29.83 during the reporting period.
Currency market
The Central Bank of Azerbaijan (CBA) sold $39.37 million to 19 domestic banks through the auction January 25, the CBA said. CBA put up for sale $ 200 million, but the total demand of banks for foreign currency amounted to only $39.37 million.
CBA sold $67.161 million to 18 domestic banks through the auction January 27.
CBA put up for sale $ 200 million, but the total demand of banks for foreign currency amounted to only $67.161 million.
CBA sold $113.260 million to seven domestic banks through the auction January 28.
CBA put up for sale $ 200 million, but the total demand of banks for foreign currency amounted to only $113.260 million, the report said.