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SOCAR Announces Tender for Oil Sale from Novorossiysk

Oil&Gas Materials 23 August 2007 13:13 (UTC +04:00)

Azerbaijan, Baku / Trend / The Marketing and Economic Operations Department (MEOD) of the State Oil Company of Azerbaijan (SOCAR) have announced a tender on the export of 605,000 barrels of REBCO oil (82,000 tons) via the Baku-Novorossiysk pipeline.

The cargo will be shipped on 28-29 September from Pier 2 of Novorossiysk terminal. Results of the tender will be announced on 29 August.

In January to June the State Oil Company of Azerbaijan (SOCAR) has exported 497,000 tons of oil via the Baku-Novorossiysk pipeline.

In 2007 oil cargoes from Novorossiysk have been purchased by the following companies:

Glencore Energy UK Ltd - February (450,000 barrels);

REOC Ltd - March (450,000 barrels);

Glencore Energy UK Ltd - April (450,000 barrels).

Sunoil SA - May (450,000 barrels).

Oil Refineries LTD - June (1.2mln barrels)

Oil Refineries LTD - July (1.2mln barrels

Glencore - August - (1.2mln barrels).

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