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Oil in Greek tanker captured by pirates in Arabian Sea does not belong to SOCAR

Oil&Gas Materials 12 May 2012 12:34 (UTC +04:00)
The oil in the Greek tanker ‘Smyrn’, captured by pirates in the Arabian Sea on May 10, was extracted in Azerbaijan, but later it was sold in the Turkish port of Ceyhan, SOCAR told Trend today.
Oil in Greek tanker captured by pirates in Arabian Sea does not belong to SOCAR

Azerbaijan, Baku, May 12 / Trend S. Aliyev /

The oil in the Greek tanker 'Smyrn', captured by pirates in the Arabian Sea on May 10, was extracted in Azerbaijan, but later it was sold in the Turkish port of Ceyhan, SOCAR told Trend today.

The tanker was transporting 945,000 barrels (135,000 metric tons) of oil to Indonesia, ITAR-TASS reported today with reference to the Indonesian media. The market value of oil is over $ 130 million.

"Therefore, SOCAR has no risks and liabilities on the oil," SOCAR said.

Despite this, SOCAR continues monitoring the situation.

There is no information about the tanker crew, sailing under the flag of Liberia. It is known that they are the citizens of various countries. According to the professional websites, the crew of the tanker includes 26 people. Pirates have not put forward any demands for ransom yet, the Indonesian media said.

Indonesian state oil company "Petramina" is a customer of oil. Its representatives said that the company has not suffered financial loss in connection with the seizure of the tanker, as the payment must be made after "black gold" is delivered to the oil refinery in Balikpapan, East Kalimantan in accordance with the contract.

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