SOCAR Announces Tender of Sale of Oil Consignment from Ceyhan Port

Oil&Gas Materials 21 May 2007 12:53 (UTC +04:00)

Azerbaijan, Baku / corr. Trend / The State Oil Company of Azerbaijan (SOCAR) announced 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 is equal to 1 mln barrels of oil (135,000 tons). The shipment is expected to take place between 28-30 June. The tender will be closed on 25 May.

On 18 May, the price of crude Azeri light from Ceyhan was $69.06 per barrel (up $0.23 per barrel compared to the previous price).

SOCAR oil consignments from the Ceyhan Port have been purchased by the following companies in 2007:

Glencore Energy UK Ltd - January (1 mln barrels);

VILMA OIL SL - 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).

OMV Supply

Vitol SA - June (1 mln barrels)