SOCAR and Delta Rubis sign five-year storage agreement

SOCAR and Delta Rubis sign five-year storage agreement
# 19 February 2013 12:23 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. Azerbaijan state oil company SOCAR has signed a storage agreement with Delta Rubis after it recently received a license from the Energy Market Regulatory Agency to sell bunker fuel.

SOCAR Turkey Distribution has joined forces with the Mediterranean's largest independent storage company for its services in Ceyhan, Turkey under a five-year supply agreement which will include fuels, aviation and marines’ sales businesses.

Ceyhan is one of the world's most important energy hubs with a throughput capacity of around 55 million tonnes a year of crude oil. It is located at the crossroads of Baku-Tbillsi-Ceyhan and the Kerkuk-Yumurtalik pipelines.

CEO of SOCAR Turkey Petroleum Energy Distribution Company, Mutluay DoÄŸan, explains: 'The Ceyhan region has strategic importance to SOCAR. This region is an area where Azerbaijan oil meets the world markets and SOCAR is the main user of this route. Starting with the fuel sale to crude oil tankers, we will be the first provider of the comprehensive marine sales service in the Mediterranean region of Turkey.'

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