Bank Of Baku

Azerbaijan announces tender for REBCO crude export

Azerbaijan announces tender for REBCO crude export
# 19 February 2009 12:30 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azeri state oil firm Socar has announced a tender for 1 million barrels of REBCO crude oil for loading at Novorossiysk Port.
The company’s marketing office said the loading will be taken at the port on March 18-19. The results of the tender will be announced on Feb. 24.
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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