SOCAR to Ship Oil Consignment from Turkish Port of Ceyhan
Azerbaijan, Baku /corr. Trend S.Aliyev / By 15 August the State Oil Company of Azerbaijan (SOCAR) plans to ship large Light oil consignment from the Turkish Port of Ceyhan for Thailand's PTT Public Company Limited. The volume of the Light oil consignment equals 1mln barrels of oil. The oil to Ceyhan Port is delivered via Baku-Tbilisi-Ceyhan pipeline.
In May and June SOCAR shipped Light oil consignment in volume of 1mln barrels for PTT Public Company Limited.
In the first quarter of 2007, the SOCAR and PTT concluded an annual contract according to which Azerbaijan should supply oil for Thailand's oil refineries. Azerbaijan delivers oil to PTT on the base of FOB and CFR conditions.
SOCAR Produces Oil from Azeri-Chirag-Guneshli field within Contract of Century concluded in 1994.