Bank Of Baku

Azerbaijan announces tender for REBCO crude export

Azerbaijan announces tender for REBCO crude export
# 22 January 2009 12:30 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azeri state oil firm Socar has announced a tender for 600 000 barrels of REBCO crude oil for loading at Novorossiysk Port.
The company’s marketing office said the batch of crude will be taken at the port from Feb. 18-22. The results will be announced on Jan. 27.
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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