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SOCAR Announces Tender for Sale of Oil Consignment from Ceyhan Port

Oil&Gas Materials 17 February 2007 11:12 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) announced a tender on the sale of consignment of its own oil branded Azeri Light from the Turkish Mediterranean Port of Ceyhan. The oil consignment is delivered to the Port via the Baku-Tbilisi Ceyhan Port, a source in SOCAR informed Trend. The winner will be announced on 22 February 2007.

The volume of oil consignment will reach 1 mln. barrels of oil (135.000 tons). The shipment is expected to take place on March 21st to 23rd.

The price on crude AZERI LT FOB Ceyhan on February 14th was $56.19 per barrel (down $0.72 per barrel as compared to previous price).

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).

Glencore Energy вЂ" March (1mln barrels).

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