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
# 25 February 2009 08:07 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Oil trader Glencore Energy UK Ltd. has won Azeri state oil firm Socar’s tender for 1 million barrels of REBCO crude.
SOCAR said the British firm will take loading at the Novorossiysk Port on March 18-19.
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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