SOCAR Sold Oil Consignment from Novorossisk

Oil&Gas Materials 28 March 2007 16:17 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) closed the tender for the dispatch of 450.000 barrels of its own Ural oil from Novorossisk. Glencore Energy won the tender. The consignment of oil will be shipped on 24-25 April.

In February-March the SOCAR sold two oil consignments, each with 450.000 barrels, via Baku- Novorossisk pipeline.

In 2007 the oil cargoes from Novorossisk have been purchased by the companies:

Glencore Energy UK Ltd - February (450.000 barrels);

REOC Ltd - March (450.000 barrels);

Glencore Energy UK Ltd - April (450.000 barrels).