SOCAR Trading won the tender for the purchase of Turkmen oil Eni
14:56 24.12.2020 5561
Turkmenistan became SOCAR Trading (a trading subsidiary of SOCAR, SOCAR). Argus Media, an independent pricing agency, reported.
SOCAR Trading managed to bypass the largest players in the oil market - ENOC, Vitol, Rosneft, LUKOIL and Trafigura in the tender.
As a result, the Azerbaijani company returned to its portfolio part of the hydrocarbons purchased since 2017 by Vitol in Turkmenistan. Thanks to these changes, experts expect that supplies of Turkmen oil through the Baku-Tbilisi-Jeyhan oil pipeline will increase by reducing transit through Makhachkala and Novorossiysk.
Reportedly, during 2021, Eni Turkmenistan will ship about 30-40 thousand tons per month of Okarem oil. Meanwhile, the export of this raw material from Turkmenistan increased to 341 thousand tons from 310 thousand tons a year earlier. The entire volume is transported by tankers in the direction of Makhachkala for further pumping to Novorossiysk.
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Issues of developing the bilateral cooperation were discussed on Wednesday, at a meeting between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and a delegation of Azerbaijan, headed by the Minister of Economy Mikayil Jabbarov, which had arrived on a visit to Turkmenistan, as reported on the website of the Ministry of Foreign Affairs of Turkmenistan.
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Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
The President of Turkmenistan Discusses Interstate Cooperation Issues with the Minister of Economy of Azerbaijan
Topical issues of interstate trade and economic cooperation were discussed on Wednesday, at a meeting between the President of Turkmenistan Serdar Berdimuhamedov and the Minister of Economy of Azerbaijan Mikayil Jabbarov, who is on a visit to Turkmenistan.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.