TODAY.AZ / Business

Azeri oil prices continue to drop

25 October 2005 [17:20] - TODAY.AZ
The price for AZERI LT CIF on 21 October was $57.90 per barrel (dropped $0.29 per barrel as compared to the previous price).

The density of Azeri Light is 34.9 degrees by API, the sulphur content – 0.14%. The price for URAL (EX-NOVO) was $51.44 per barrel (-$0.75 per barrel). The density of URAL is 32 degrees by API, the sulphur content – 1.3%.

The price for Brent (DTD) was $56.75 per barrel (-$0.33 per barrel). The density of DTD oil is 38.3 degrees by API, the sulphur content – 0.36%. The AZERI LT CIF quotation reflects the price of the Azerbaijani oil with delivery to Mediterranean ports, shipped by the shareholders of the Azerbaijan International Operating Company (AIOC) at the Georgian terminal Supsa. The URAL (EX-NOVO) quotation reflects the price of oil, shipped at the Russian terminal in Novorossiysk.

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