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SOCAR announced a tender on sale of oil lot in December

Oil&Gas Materials 22 November 2005 17:37 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced a tender on sale of 170,000 tons of Urals oil from the Novorossiysk port, SOCAR told Trend.

The oil will be shipped by two tankers per 85,000 tons on 24-25 and 30-31 December. One of the lots is profitable, other - regular.

The money from sale of the profitable lot will be transferred to the State Oil Fund.

Purchases of the Azeri oil at tenders from early 2005 are as flowing:

January - LUKOIL (140,000 tons), Vitol (80,000 tons);

February - LUKOIL (160,000 tons), Arcadia (140,000 tons);

March - BP Oil Trading (80,000 tons), Total (140,000 tons);

April - Glencore (160, 000 tons);

May вЂ" RD Shell (80, 000 tons); LUKOIL (85, 000 tons);

June - Mercuria Energy Trading (82, 000 tons);

July - Mercuria Energy Trading (170, 000 tons);

August - Sun Oil (164, 000 tons), Glencore (142, 000 tons);

September вЂ" LUKOIL (79, 000 tons);

October - Mercuria Energy Trading (142, 000 tons), Vitol (85 , 000 tons).

November вЂ" Glencore (85, 000 tons).

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