BAKU, Azerbaijan, July 5. Between January and March 2022, SOCAR Trading traded around 5.7 million mt of Azeri Light Crude Oil, SOCAR Trading told Trend.
Moreover, the company traded around 4.4 million mt of other crudes and 0.9 million mt of heavy, light and middle distillate products.
SOCAR Trading also pointed to very satisfying results with launching of gas and emissions related new businesses in Q1 2022.
Headquartered in Geneva, SOCAR Trading was incorporated in December 2007 as the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR) with a mandate to market Azeri barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan.
SOCAR Trading enjoys the advantages of being a wholly-owned state entity combined with the independence and global presence of a major commodities trading company based in Switzerland.
While the company continues to market the bulk of SOCAR crude oil export volumes from Ceyhan port in Turkey, it has also been able to develop significant third party volumes through both leveraging its system barrels, as well as its experienced traders developing new business.
SOCAR Trading has relationships with SWIFT and more than 40 banks in Europe, Asia and US.
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