Bank Of Baku

SOCAR exports 1.855 million tons of crude from Novorossiysk Port

SOCAR exports 1.855 million tons of crude from Novorossiysk Port
# 08 October 2009 16:28 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The Marketing Department of the State Oil Company of Azerbaijan (SOCAR) exported 139 871 tonnes of crude oil from Russia’s Novorossiysk Port during September.

The company press service said in total 1.855 million tonnes of crude was exported through this route during January-September.

Brent oil was sold at $67.39, Urals oil at $67.09 and BTC FOB Ceyhan at $68.16 per barrel in February.
Azerbaijan’s Azeri Light is a lighter crude oil and yields more light products at the refinery and less residue.

Because Azeri oil mixes with Russian crudes in Novorossiysk Port (the Black Sea), the mixture is branded as Urals.
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