Swiss Trader Wins SOCAR Tender on 1st Oil Cargo Shipment from Novorossiysk

Oil&Gas Materials 22 December 2006 12:43 (UTC +04:00)

SOCAR (State Oil Company of Azerbaijan) closed a tender on selling the next year first tanker of oil consignment at a volume of 620 mln barrels of oil from the Russian Port of Novorossiysk in January, 2007, a source in SOCAR told Trend. Swiss trader Sun Oil won the tender.

The oil consignment is expected to be shipped on January 23-24, 2007.

In December, 2006, SOCAR has already sold two oil consignments from Novorossiysk - 1,080 mln barrels and 620,000 barrels of oil. Trader REOC Ltd. was the buyer of the both consignments.

In 2005, SOCAR shipped 1,631 mln tons of oil from the Port at Novorossiysk. In 2004, this indicator was 2,559 mln tons.