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SOCAR Announces Tender for Sale of Oil Cargo from Ceyhan Port

Oil&Gas Materials 25 January 2007 12:08 (UTC +04:00)

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

The volume of the consignment to be shipped from February 19th to 21st totals 600,000 barrels (80,000 tons). The result of the tender will be announced on January 24th.

On January 23rd the price of AZERI LT FOB Ceyhan was $52.37 per barrel (down $0.59 per barrel).

So far this year SOCAR sold a total of 2.6mln barrels of oil from Ceyhan. The oil cargoes have been purchased by the companies:

Glencore Energy UK Ltd вЂ" January (1mln barrels).

VД°LMA OД°L S.L вЂ" January вЂ" February (1mln barrels)

Select Energy GmbH вЂ" February (600,000 barrels).

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