SOCAR Closes Bid on Sale of Oil Consignment from Ceyhan Port in June
Azerbaijan, Baku / corr. Trend / The State Oil Company of Azerbaijan (SOCAR) closed the tender on the sale of its own oil, branded Azeri Light, from the Turkish Port of Ceyhan. The oil is delivered to the Port via the Baku-Tbilisi-Ceyhan pipeline, according to a source from SOCAR. The volume of oil in the consignment was equal to 1 mln barrels of oil (135,000 tons). The shipment was expected to take place between 1-7 June. On 4 May, the price on crude Azeri light for Ceyhan was $64.96 per barrel (up $0.58/per barrel compared to the 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-March (1 mln barrels);
Glencore Energy UK Ltd - March (1 mln barrels);
Addax BV- March (1 mln barrels);
Sumato Energy Group Ltd - April (1 mln barrels);
Select Energy GmbH - April (1 mln barrels);
Arcadia Petroleum Limited - May (2 mln barrels).
Vitol SA - June (1 mln barrels).