SOCAR closes tender on oil trading in Novorossiysk

Oil&Gas Materials 9 March 2006 11:39 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) closed a tender on sale of 85,000 tons of Urals oil with FOB basis from the port of Novorossiysk in March 2006, SOCAR told Trend. Glencore Energy UK LTD was declared winner o the tender. The tanker will be shipped from pier N2 at the Novorossiyk terminal on 30-31 March.

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.

In January to February 2006 84,639 tons of Ural was delivered from the Novorossiysk port.

In 2005 Glencore was the major trader of SOCAR oil from Novorossiysk - 557,000 tons and it was followed by the Russian LUKOIL with 464,000 tons.

Since the beginning of 2006 the SOCAR sold the oil consignments to the following companies:

January Glencore Energy (85,000 tons);

February Taurus Petroleum (140,000 tons);

February - Glencore Energy (60,000 tons);

March - Glencore Energy (85,000 tons).