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SOCAR ANNOUNCES TENDER ON SALE OF OIL FROM BATUMI

Oil&Gas Materials 12 October 2005 11:43 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced a tender on sale of a next tanker of Azeri Light, produced by the Azerbaijan International Operating Company (AIOC) under the Azeri-Chirag-Gunashli contract area, from the Georgian port Batumi on 1-2 November.

The SOCAR, which holds 10% stake in the AIOC, told Trend the British-American company BP won a right of delivery of 80,000 tons of oil on FOB terms from Batumi.

The Batumi oil terminal is capable trans-shipping up to 15 mln tons per year. The tankers with deadweight of 30-90 thousand tons serve the terminal at four piers, including remote buoy for ships of category Aframax. Presently, the capacity of the reservoir park of the terminal is about 530 thousand tons, this is quite enough for trans-shipment of current and projected volumes, passing via corridor.

The previous tanker of Azeri Light of the SOCAR with 80,000 tons of oil was purchased by the British-American company BP on FOB terms.

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