TODAY.AZ / Business

SOCAR's trading branch

31 August 2006 [09:37] - TODAY.AZ
Azeri state oil firm SOCAR will launch its oil trading branch next year and sell crude directly to refiners, scrapping the current system of tenders, a Socar official said Wednesday.

SOCAR's vice president Elshad Nasirov said the key reason behind the move was the growing volume of crude that Socar was getting as its part in a Caspian Sea production sharing deal with BP and other oil majors, Reuters news agency reports.

/www.themoscowtimes.com/

URL: http://www.today.az/news/business/29586.html

Print version

Views: 2086

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail:

See Also