SOCAR suspends exporting its oil products through Russia
Baku, Azerbaijan, March 6
By Maksim Tsurkov - Trend:
Azerbaijan’s state oil company SOCAR has suspended exporting its oil products through Russia, a source in Azerbaijan’s energy market told Trend March 6.
“SOCAR has stopped supplying oil products manufactured at the Heydar Aliyev Baku Oil Refinery through Russia and uses its Kulevi Oil Terminal in Georgia for export in this direction,” the source said. “The terminal has sufficient capacity for the Azerbaijani oil products to reach the Black Sea.”
The source added that presently, SOCAR also uses its traditional standard routes for delivering oil products to Central Asia.
SOCAR exported diesel fuel and vacuum gas oil through Russia in 2015 and 2016.
In January 2018, SOCAR signed a deal with the Vienna-based Cetracore Energy oil trading company and its shareholder, Russia’s Rosneft oil company and started to export Russian oil products from the Black Sea port of Tuapse city.