SOCAR to sale Santa Barbara crude oil grade

Azerbaijan, Baku, March 3 / Trend E.Ismayilov /

The State Oil Company of the Azerbaijan Republic (SOCAR) will begin to receive Venezuelan Santa Barbaran oil in the near future, and begin to sell it in America markets, SOCAR head Rovnag Abdullayev said on Thursday.

Abdullayev said the Belarusian side has received Azeri Light from SOCAR. The representatives of SOCAR and the Venezuelan side will meet in Belarus this week, following which SOCAR will start to receive Santa Barbara oil and sell it to the U.S. market.
"The Belarusian side has already received a few batches of Azeri Light oil from us. This week, Belarus will host a meting of representatives of SOCAR and the Venezuelan side, and we will begin to receive Venezuelan oil and sell it in the markets of American countries," he added.

A contract for the supply of oil from Azerbaijan was signed between the Belarusian Oil Company and the State Oil Company of Azerbaijan (SOCAR). Under the contract, about 4 million tons of oil will be supplied in 2011. Oil will be delivered to the port South, and then by the Odessa-Brody and Drujba pipelines to the Mozyr oil refinery. A contract for pumping hydrocarbon raw material using the Odessa -Brody pipeline was signed between CJSC Belarusian Oil Company and JSC Ukrtransnafta. Azerbaijani oil will be supplied to Belarus simultaneously with the supply of raw material from Venezuela.

Oil supplies to Belarus through Ukraine open to Azerbaijan, the Caribbean and the U.S. markets, as the Belarusian, Venezuelan and Azerbaijani sides have agreed to swap supplies.

Venezuela has an obligation to supply oil for Belarusian oil refineries. However, this project requires a significant investment in crude oil transportation. The presence of the swap contract allows SOCAR to deliver oil from Azerbaijan to Belarus, and in turn, to send Venezuelan oil to South America. Specifically, SOCAR is interested in acquiring Venezuelan Santa Barbara oil to sell on the U.S. market. SOCAR would supply oil to Belarus and receive the same amount from Venezuela.

Azerbaijan to implement digitalization of services of local executive authorities
Azerbaijan to implement digitalization of services of local executive authorities
Azerbaijani Ministry of Communications developing final strategy of 'Smart City' project
Azerbaijani Ministry of Communications developing final strategy of 'Smart City' project
Integration of modern solutions contributes to growth of online sales - MiMobile
Integration of modern solutions contributes to growth of online sales - MiMobile
Loading Bars
Latest
Full text of Azerbaijani parliament’s statement against French Senate’s resolution disclosed
Iran's economy remains strong and steady – Iran's president
Turkmenistan to be vital strategic partner, gas supplier to China long-term - Wood Mackenzie
EDB talks Kazakhstan's economy growth forecast, return to pre-COVID levels
Ambassadors of Turkey, Iran to Azerbaijan hold discusses on Karabakh
“I am quite sure that giving a hand to customers in this challenging time will pay off in the future”: interview with Dariusz Kacprzyk, Member of Supervisory Board of AccessBank Azerbaijan
Import of Turkish ready-made clothes by Iran down
Water resources of Azerbaijan’s Kalbajar district to be re-explored
Turkey's export of ready-made clothes to Uzbekistan down
Money supply in Azerbaijan grows - CBA
Lending to banking sector in Azerbaijan up
Turkmenistan raises 10M2020 imports of Turkish ready-made clothes
Uzbek gas chemical company opens tender for insurance services
Precious metal prices in Azerbaijan up
Azerbaijan’s natural gas exports to Turkey down by 8%
German manufactures interested in buying high-quality walnuts in Georgia
New carpet factory opens in Turkmenistan
German company builds float glass plant in Uzbekistan’s Zarafshan city
Iranian oil minister talks about petrochemical facilities launched in Iran
Azerbaijan can't be pressured by adopting some paper piece - parliament's vice speaker
Azerbaijani parliament voices appeal to government due to France
Azerbaijan to implement digitalization of services of local executive authorities
French Senate betrays democratic values - Turkish government
China's import of Turkish cement up
Azerbaijani parliament condemns resolution adopted by French Senate
AP highlights devastation caused by Armenia in Azerbaijan’s Aghdam
Azerbaijan's ADY Express boosts daily volume of cargo handling at Astara terminal
Turkish Foreign Ministry condemns French Senate’s resolution on Karabakh
French Senate's resolution is not binding, says ambassador
Azerbaijani Ministry of Communications developing final strategy of 'Smart City' project
Protesters give statement in front of French embassy in Baku (PHOTO/VIDEO)
Integration of modern solutions contributes to growth of online sales - MiMobile
Georgia eyes to minimize negative impact of global crisis on country's private sector
Int’l standard of energy management system to be introduced at Uzbekneftegaz facilities
LUKOIL to restore daily gas production in Uzbekistan
Turkmenistan building new greenhouses
Georgia reports 3,801 new cases of coronavirus
Azerbaijan's parliament to make statement on draft resolution adopted by French Senate
Israel changed plans to buy AstraZeneca vaccine
Azerbaijan to provide grants, loans, investments to startup environment
Minister talks benefit of pipeline from Russia to supply some Kazakh regions with gas
Uzbekistan to launch numerous petrochemical industry projects in 2021
Measures to attract investors to Uzbek mining, geological industry discussed at int’l forum
NCOC reports yet another milestone at Kazakhstan-based Kashagan field
Georgia looking for contractor for terminal extension at Kutaisi International Airport
Kazakhstan boosts trade turnover with Lithuania despite COVID-19
Snam raises planned investments in new strategy
Snam raises its emission reduction target to 50%
Number of enterprises launched in Iran's East Azerbaijan Province decreases
US Venture Fund to bring Azerbaijani projects to int'l markets
Azerbaijani oil prices on the rise
Turkmenistan, EU discuss prospects for development of greenhouses
French PROPARCO taking steps to support Georgian micro, small and medium-sized enterprises
Possible changes to OPEC+ quotas pose downside risks to Kazakhstan's economic forecast
Iran discloses details of exports from Razavi Khorasan Province
Income from communication services of Azerbaijan’s Nakhchivan up
Broad money value goes on increasing in Kazakhstan month-on-month
Snam outlines contribution to TAP’s implementation
Disney to layoff about 32,000 workers in first half of 2021
Iran declares details of exports from Qom Province
Southern Gas Corridor could carry new sources of energy in future – Eurogas
Kazakhstan’s Almaty Power Stations JSC extends tender to buy compressors
Turkmenistan, Russia agree to expand co-op in electric power industry
Azerbaijan implementing projects within North-South Transport Corridor
Europe needs fundamental restructuring of its energy system, says Eurogas
INPEX using drone technology, augmented reality to keep smooth output
India records 44,489 new coronavirus cases
France-24 shows reportage on Kalbajar district's liberation from Armenian occupation (PHOTO/VIDEO)
Central Bank of Azerbaijan talks advantages of digital payments
Iranian currency rates for November 26
Azerbaijani currency rates for Nov. 26
Senate's resolution over Nagorno Karabakh not reflecting French government's policy - MFA
Bitcoin price drops more than $1,000 in Asian trade
Turkmenistan, Russia aim to develop co-op in field of digital communication, information
Azerbaijan eliminating damages caused by Armenia to gas sector in Tartar's settlement (PHOTO)
Uzbekistan reveals its COVID-19 data for November 26
Iran beats new record on gas consumption
Iran releases data on exports from Tehran
Iran to expand trade with Azerbaijan
Iran to buy 42 million doses of COVID-19 vaccine
Armenian acts of terrorism on previously occupied territories of Azerbaijan must be condemned by European countries - US expert
Georgia reveals profit of microfinance sector
South Korea, China top diplomats vow to work on North Korea, COVID-19
Turkey mulls new support measures for businesses hit by COVID-19
Tehran-Najaf flights resumed
Kazakhstan detects 820 new coronavirus cases in 24 hrs
Incumbent MP Sopio Kiladze elected member of UN Committee on the Rights of the Child
Canada police supervisor denies effort to deceive Huawei CFO about indictment
Georgia E-Space to create synergy of solar power plant and electric car charging infrastructure
Amazon workers in Germany to go on strike on 'Black Friday'
Kazakhstan's KazMunayGas forecasts annual oil output decrease
More migrants relocated from Malta to EU countries
U.S. grants ByteDance new seven-day extension of TikTok sale order
82 bandits killed in Nigerian airstrikes
China, Kyrgyzstan to boost pragmatic cooperation
AzerGold CJSC talks plans for extraction of precious metals
Kazakhstan’s Almaty Power Stations JSC opens tender to buy compressors
Volume of funds allocated to fixed capital increases in Azerbaijan’s Nakhchivan
Retail trade turnover of Azerbaijan’s Nakhchivan Autonomous Republic drops
Azerbaijani MoD unveils footage depicting advancement of Azerbaijani armyuits to liberated Kalbajar region (VIDEO/PHOTO)
All news