SOCAR starts selling LDPE at Russia’s SPB Exchange

By Azernews

By Kamila Aliyeva 

SOCAR RUS, a subsidiary of Azerbaijan’s state oil company SOCAR, is starting the sales of low-density polyethylene (LDPE) at the Saint-Petersburg Exchange (SPB Exchange), the SPB Exchange website reported.

SOCAR RUS has been offering low-density polyethylene 15803-020, produced by Azerikimya Production Union, for sale at the Saint-Petersburg Exchange since April 7 on terms of self-trucking of the buyer from the warehouse of Noginsk warehouse complex JSC.

The product has already passed customs clearance and is ready to be sold in Russia’s market. This sphere of the business activity of SOCAR is considered as one of the most important sales areas, to which SOCAR RUS devotes the highest priority. 

The minimum lot is 1.5 tons. It is also possible to deliver the goods by road to the buyer's warehouse (the minimum lot is 21 tons).

SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies, and the facilities involved in geophysical and drilling operations.

In Russia, SOCAR is represented by the subsidiary company SOCAR Rus, which began operating in 2013 and received a license to explore and assess the hydrocarbon deposits in the North-Beshkulsky region in the Narimanov district of Astrakhan region.