Bank Of Baku

Glencore Energy UK Ltd. wins a tender to export SOCAR’s REBCO oil

Glencore Energy UK Ltd. wins a tender to export SOCAR’s REBCO oil
# 27 January 2009 10:33 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Oil trader Vitol S.A. has won Azeri state oil firm Socar’s tender for 600,000 barrels of REBCO crude.
SOCAR said the Swiss firm will take loading at the Novorossiysk Port on Feb. 18-22.
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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