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SOCAR announced tender for oil sale from Novorossiysk

Oil&Gas Materials 28 February 2006 18:08 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced tender for sale of 85,000 tons of Urals oil in March 2006 with FOB basis from the port of Novorossiysk, SOCAR told Trend.

В"Shipment of the oil batch is expected on 30-31 March this year from the Novorossiysk terminal, SOCAR specified. The deadline for closing the tender is 7 March.

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

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

Since the start of 2006 the following companies purchased oil consignments from SOCAR:

January Glencore (85,000 tons);

February Taurus Petroleum (140,000 tons).

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