Arcadia Petroleum has purchased 2nd SOCAR oil shipment to sail away from Supsa

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

31 Oct 2008

The Department of Marketing & Economic Operations has completed the tender procedure for export of this year’s second shipment (it is also the second shipment since 2006) of Azeri Light (BTC FOB Ceyhan) crude oil to sail away from Supsa. SOCAR informs that the 600,000 million barrel shipment to sail away from Supsa port of Georgia on November 24-25, 2008 was purchased by British company Arcadia Petroleum.
This year’s first shipment of 60,000 million barrels with sailing away from Supsa on November 11-12 was bought by Taurus Petroleum. The port has not been used for Azeri Light export because of repairs at Baku-Supsa pipeline and instability in Georgia. This year Azeri Light was exported only through Turkey’s Ceyhan port.
This year’s first, second, and third shipments (1 million, 950,000, and 1 million barrels respectively) with sailing away from Ceyhan on February 5-7, April 26, and May 7-9 were bought by Arcadia Petroleum Ltd. The fourth and fifth 1 million barrel shipments were purchased by Glencore UK Ltd and Select Energy GmbH (Germany) respectively. The sixth shipment sailed away on November 1-7 was acquired by Sumato Energy (New Zealand), and the seventh – by Taurus Petroleum (sailing away on November 20-25).
In 2007, the Department sold 17 profit oil shipments of Azerbaijan from Turkish port Ceyhan with overall volume of 16.8 million barrels.
By three shipments were bought by Addax B.V. Group (1st, 7th, and 8th), Select Energy GmbH (4th, 5th, and 10th) and Sumato Energy Group Ltd (9th, 15th, and 17th), two by Glencore Energy UK (2nd and 6th), by one by Vilma Oil S.L (3rd), Arcadia Petroleum Ltd (11th), OMV Supply & Trading (12th), Vitol SA (13th), Shell International Trading & Shipping Company Ltd (14th), Exxon-Mobil (16th).
Profitable oil is distributed between the Azeri-Chirag-Gunashli project partners depending on their equity shares: BP (operator: 34.1367%), Chevron (10.2814%), SOCAR (10%), ExxonMobil (8.0006%), Devon Energy (5.6262%), Amerada Hess(2.7%), Inpex Corp. (10%), ITOCHU Oil (3.9205%), Statoil (8.5633%) and TPAO (6.75%).
In 2006, SOCAR sold through Georgia’s Supsa terminals and Batumi port and Turkey’s Ceyhan terminal by five oil shipments to Select Energy GmbH and Addax B.V. Group, by two to Statoil, Vitol Broking, Glencore Energy, by one to Mitsubishi Corporation, Arcadia and Sumato Energy Group.

Source: ABC. AZ