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SOCAR Closes Tender for Oil Sale from Novorossiysk

Oil&Gas Materials 29 August 2007 14:41 (UTC +04:00)

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

The cargo will be shipped on 28-29 September from Pier 2 of Novorossiysk terminal.

From 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).

Glencore - September - (605,000 barrels).

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