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SOCAR announced tender for sale of oil from Novorossiysk port

Oil&Gas Materials 19 January 2006 20:32 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced tender for sale of 140,000 tons of the Urals oil from the port of Novorossiysk in February 2006 with the basis FOB, SOCAR told Trend.

В"By the preliminary data, the shipment of the oil cargo is expected on 23-24 February from the berth N1 at the Novorossiysk oil terminal, SOCAR indicated. Closing of tender is supposed the following week.

In 2005, SOCAR shipped 1, 631 million tons of oil from Novorossiysk against 2,559 million tons in 2004. In December 2005 the oil shipment from Novorossiysk was 86,500 tons against 167,200 tons a month before and 166,300 tons in December 2004.

Among all companies in 2005 the Glencore trader bought mostly the oil from Novorossiysk, 557,000 tons from SOCAR, the Russian LUKOIL is on the second place with 464,000 tons.

The following companies bought oil batches from SOCAR since the start of 2006 РіРѕРґР°:

January Glencore (85,000 tons).

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