SOCAR Announces Tender for Sale of Two Consignments of Oil from Ceyhan Port

Oil&Gas Materials 9 December 2006 12:49 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced the tender for the dispatch of two consignments of its own Azeri Light oil from the Turkish Port of Ceyhan, which is delivered via Baku-Tbilisi-Ceyhan pipeline, Trend reports quoting SOCAR.

The volume of the consignment totals 1 mln barrels (135,000 tons). The result of the tender will be announced on 14 December.

On 7 December price of AZERI LT FOB Ceyhan was $61.94 per barrel. (or down $0.74 pr barrel as compared to previous price).

The oil consignment from Ceyhan has been purchased by the companies Satatoil August (1 mln barrels), Arcadia September (600,000 barrels); Select Energy GmbH November (1 mln barrels); Glencore Energy UK Ltd December (600,000 barrels); Select Energy GmbH December (600,000 barrels); Addax BV December (600,000 barrels); Sumato Energy Group December (600,000 barrels).