Ukraine select company to purchase Azeri oil

Oil&Gas Materials 23 May 2006 18:04 (UTC +04:00)

In the closet time Ukraine will select the company to participate in SOCARs tenders for oil sale from Georgian port Supsa.

Trend reports this enables Ukraine purchase Azeri Light oil from Supsa and export to Europe via Odessa-Brodi pipeline.

SOCAR is not going to guarantee Ukraine oil supplies to Odesa-Brodi pipeline, a it is more effective to sale oil on tender basis.

In January-April 2.333 mln ton of Azeri Light oil have been transported via Baku-Supsa pipeline compared to 2.283mln ton last year.

В"Tender price for consignment of Azeri Light oil from Supsa and transportation fee result in a high oil price in Brodi. However, it should be take into account that European consumers are used to such pricesВ", - oil industry experts told Trend.