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SOCAR Announced Tender for Sale of Oil Consignment from Ceyhan Port

Oil&Gas Materials 9 February 2007 17:06 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced a tender on sale of consignment of its own oil branded Azeri Light from the Turkish Mediterranean Port of Ceyhan. The oil consignment was delivered to the Port via the Baku-Tbilisi Ceyhan Port, a source in SOCAR informed Trend.

The volume of the oil consignment will reach 1 mln. barrels of oil (135.000 tons). The shipment is expected to take place on March 5-7, 2007. The results of the tender will be summed up on February 13, 2007.

The price on crude AZERI LT FOB Ceyhan on February 8, 2007 was $56,35 per barrel (reduced on $1,48 per barrel to the previous one).

The SOCAR oil consignments from Ceyhan Port have been purchased by the following companies in 2007:

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

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

Select Energy GmbH вЂ" February (600.000 barrels);

Select Energy GmbH вЂ" February-Mart (1 mln. barrels).

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