SOCAR to ship 60,000 tons of oil from Novorossiysk in Aug
State Oil Company of Azerbaijan Republic (SOCAR) announced a tender for sale of 60kt of oil from port Novorossiysk on 29-30 August. SOCAR officials told Trend the tender will end on 12 July.
During 2005, SOCAR shipped 1.631mt of oil from port Novorossiysk against 2.559mt in 2004.
In 2005 Glencore purchased the major part of SOCARs oil in Novorossiysk 557,000 tons, while LUKOIL was the second 464,000 tons.
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).