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SOCAR Announces Tender for Oil Sale from Novorossiysk

Oil&Gas Materials 30 October 2006 13:50 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced the November tender for the sale of two Ural oil tanker loads totaling 1 million barrels of Ural oil (135,000 tons) from the Port Novorossiysk, Trend reports.

The shipment of the cargo is scheduled for November 29-30. The results of the tender will be announced on November 2.

In November SOCAR sold 2 oil cargos from Novorossiysk. The two cargos in the total volume of 1,204 million barrels (584 million barrels and 620 million barrels) were sold to British trader Glencore Energy UK Ltd. The first cargo will be shipped on November 7-8, while the second - on November 18-19.

During 2005 SOCAR shipped 1.631mln tons of oil from Novorossiysk compared to 2.559mln tons in 2004.

Since the beginning of 2006 SOCAR sold oil loads to the following companies in Novorossiysk

January Glencore (85,000 tons);

February Taurus Petroleum (140,000 ton); Glencore (60,000 tons);

May - Glencore (60,000 tons);

June Glencore (60,000 tons);

July - Glencore (60,000 tons);

August - Glencore (131,000 tons); Select Energy (78,000 tons);

September - Reoc Ltd. (85,000 tons); Vitol (85,000 tons).

October - Sun Oil S.A. (160,000 tons);

October - REOC Ltd. (135,000 tons).

November - Glencore Energy UK Ltd (165,000 tons)

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