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SOCAR Sells Oil Consignment from Ceyhan Port

Oil&Gas Materials 29 March 2007 14:33 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / The State Oil Company of Azerbaijan (SOCAR) closed a tender on the sale 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. German trader Select Energy won the tender.

The volume of the oil consignment will reach 1 mln barrels of oil (135,000 tons). The shipment is expected to take place on 15 to 17 April.

The price on crude AZERI LT FOB Ceyhan on 27 March was $62.35 per barrel (up $0.79 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 - January (1 mln. barrels);

VILMA OIL S.L - January-February (1 mln barrels);

Select Energy GmbH - February (600.000 barrels);

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

Addax BV - March (1mln barrels)

Glencore Energy UK Ltd - March (1mln barrels).

Addax BV- March (1mln barrels).

Sumato Energy Group Ltd - April (1mln barrel);

Select Energy GmbH - April (1mln barrels).

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