SOCAR Closes Tender on Oil Sale from December

Oil&Gas Materials 1 December 2006 12:14 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced the tender for the sale of two REBCO oil tanker loads totalling to 1.7 million tons of Ural oil from Port Novorossiysk, Trend reports. The British REOC Ltd won the tender.

The shipment of the first load comprised of 1.080 mln barrels and the second - 620,000 barrels - is scheduled for December 20-31.

In November, SOCAR sold one oil cargo from Novorossiysk in the volume of (1,204mln barrels) to the British trader Glencore Energy UK Ltd.

During 2005 SOCAR shipped 1.631mln tons of oil from Novorossiysk compared to 2.559 mln 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)

December - REOC Ltd. (232,000 tons).