SOCAR to Sell Big Oil Cargo from Ceyhan

Oil&Gas Materials 14 April 2007 14:14 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / The State Oil Company of Azerbaijan (SOCAR) announced a tender on the sale of its own oil branded Azeri Light from the Turkish Mediterranean Port of Ceyhan. The oil consignment comprised of 2mln barrels of oil (or 270,000 tons) is delivered to the Port via the Baku-Tbilisi Ceyhan Port. the results of the tender will be announced on 1 April.

The price on crude AZERI LT FOB Ceyhan on 13 April was $68.11 per barrel (up $0.76 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).