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Dynamics of changes in some economic segments (19.04- 24.04.2010)

Analysis Materials 29 April 2010 12:02 (UTC +04:00)

April-19-23, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $85.58 per barrel, or $0.7 less than the previous price.

The maximum price was $87.13 per barrel. The minimum price was $84.25.

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 $81.08 per barrel, or $0.68 less than the previous price.

The maximum price was $82.93 per barrel and the minimum - $79.65.

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 $84.71 per barrel, or $0.21 less than the previous price.   

The maximum price was $86.49 per barrel and the minimum - $83.19.

Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.  

Currency market

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, decreased by 0.0001 points or 0.01 percent. The average rate was established at 0.80356 manat to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established April 21 and 23 (0. 8036 manat to 1 U.S. dollar) and minimum April 19 and 20 (0.8035 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, 0003  point or 0.03 percent. The average rate was fixed at 0.80348 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: April 19, $3.45 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, April 20, $2.56 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, April 21, $1.55 million with the average sustained rate of 0.8035 manats to 1 U.S. dollar, April 22, $0,081 million with the average sustained rate of 0.8036 manats to 1 U.S. dollar and April 23, $4,031 million with the average sustained rate of 0.8033 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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