SOCAR completes tender for oil sale from Novorossiysk

Oil&Gas Materials 8 June 2006 18:27 (UTC +04:00)

State Oil Company of Azerbaijan Republic (SOCAR) completed the tender for sale of 60kt of oil from port Novorossiysk in June. SOCAR officials told Trend the tender was awarded to Glencore to ship oil June 29-30.

This year Glencore purchased 265kt of oil from SOCAR, while Taurus Petroleum 140kt.

During 2005, SOCAR shipped 1.631mt of oil from port Novorossiysk against 2.559mt in 2004.

From the beginning of 2006, SOCARs oil in Novorossiysk were purchasing the following traders:

January Glencore (85kt);

February Taurus Petroleum (140 kt);

February - Glencore (60 kt);

May - Glencore (60 kt);

June Glencore (60 kt).