Baku, Azerbaijan, Jan. 19
By Maksim Tsurkov – Trend:
SOCAR Trading SA, the marketing arm of Azerbaijan’s state oil company SOCAR, will ship a batch of Basra Light oil from the Basra port in southern Iraq in February 2017, a source in Azerbaijan’s oil and gas market told Trend.
It is planned that a batch of Basra Light oil with a volume of about 140,000 tons will be shipped by SOCAR on Feb. 1 and will be delivered to Europe, noted the source.
Headquartered in Geneva, SOCAR Trading was incorporated in December 2007 as the marketing arm of SOCAR with a mandate to market Azerbaijani barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan.
While the company continues to market the bulk of SOCAR crude oil export volumes from Ceyhan port in Turkey, it has also been able to develop significant third party volumes through both leveraging its system barrels, as well as its experienced traders developing new business.
SOCAR Trading’s activities cover the US, and countries in Europe and Asia.
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