Baku 6° C
SOCAR Trading wins tender to purchase Turkmen oil from Petronas
Energy
- 30 December, 2020
- 06:05
SOCAR Trading, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), won the tender to purchase Kiyanly crude oil produced by PETRONAS in Turkmenistan.
The long-term deal for two years with a possibility for extension secures the delivery of approximately a million tons per year.
The agreement will provide about 1 million tons of crude oil a year from Turkmenistan.
Overall, annual volumes of various crude grades contracted for delivery via BTC by SOCAR Trading in the Caspian Sea region from Turkmenistan, Russia, and Kazakhstan amount to over four million tons a year.
Author
Latest News
20:58
Photo
Israel and Azerbaijan ink memorandum of cooperation in AI
ICT20:49
Photo
SOCAR Energy Ukraine opens community support points in Kyiv
Region20:36
Armenia and Council of Europe mull ways to strengthen Baku-Yerevan peace
Foreign policy20:25
Photo
Ukraine to receive EBRD funds to support energy sector
Other countries20:09
Photo
Video
Azerbaijan and UAE mull prospects for development of military cooperation
Other19:39
Kallas: EU to update Arctic strategy to reflect changing security situation
Other countries19:31
Bus accident kills at least 15 pilgrims in north-east Brazil
Other countries18:58
Photo
UN headquarters hosts WUF13-related events in New York
Foreign policy18:41
Photo