Equinor updates crude oil assays for Azerbaijani oil
BAKU, Azerbaijan, Nov.9
By Leman Zeynalova – Trend:
Equinor trades in crude oils, petroleum products, methanol, natural gas, power and emission allowances all over the world. It ranks as the world's third largest net seller of crude oil with more than two million barrels of crude and condensate (light oil) traded every day.
The crude oils that Equinor sells are mostly high-quality grades of medium to high API, with a low sulphur content. Here, the company provides details of the crude and condensate qualities that we sell.
A crude oil assay is essentially the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial differences in crude oil quality. The results of crude oil assay testing provide extensive detailed hydrocarbon analysis data for refiners, oil traders and producers.
Azerbaijan is one of Equinor’s largest and longest-standing international commitments. It has been operating here since 1992 and are one of the largest foreign investors.
Since 1992 Equinor has been a partner in Azerbaijan’s industrial and economic transition.
Together with the national oil company SOCAR and other international companies, Equinor has worked both industrially and socially to build Azerbaijan’s burgeoning oil and gas market to realise its full potential.
Today Equinor has an interest in the Azeri-Chirag-Gunashli (ACG) oil field, as well as the Baku-Tbilisi-Ceyhan (BTC) pipeline—which runs from the Azerbaijan capital of Baku to the south Turkish port of Ceyhan on the Mediterranean.
Follow the author on Twitter: @Lyaman_Zeyn