TODAY.AZ / Business

Vitol wins fifth 2006 Azeri Light tender

18 April 2006 [12:26] - TODAY.AZ
Vitol has won a tender called by Azeri state oil company SOCAR for the fifth consignment of Azeri Light crude oil produced at Azerbaijan's Azeri-Chirag-Gunashli (ACG) fields this year.

The consignment of 80,000 tonnes will be shipped from the port of Batumi on April 30-May 1, a source at SOCAR told Interfax.

Select Energy bought this year's first three consignments and Vitol bought the third. Azeri Light was bought last year by Glencore, Arcadia, UniPetrol, Total, R-Trading, Select Energy, Tupras, and BP. Fourteen consignments were sold last year in total.

SOCAR has a 10 percent interest in the ACG project. Profitable oil is distributed among shareholders in proportion to their participation in the project.



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