SOCAR Trading will purchase oil produced in Turkmenistan by Petronas
16:28 06.01.2021 7095
Over the next two years, SOCAR Trading (Azerbaijan) will purchase two million tons of oil from the Malaysian company Petronas, operating in Turkmenistan on the terms of a Production Sharing Agreement.
Azerbaijani company won the Petronas tender for the purchase of crude oil produced in the Kiyanly oil fields. The agreement was concluded for a two-year period and is available for prolongation for a further period, Trend agency reports.
Earlier, SOCAR Trading also became the winner of the tender of the Eni Turkmenistan company for the purchase of 500 thousand tons of crude oil, which will be produced at the Okarem field in 2021.
The purchased volumes of Turkmen oil are planned to be further directed through the Baku-Tbilisi-Ceyhan oil pipeline, which, according to experts, will entail an increase in the volume of transported raw materials along this oil route.
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54 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
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TCOR exceeded the plan for the production of gasoline and liquefied gas in five months
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From January 30 to February 4, deputy minister of Foreign Affairs of Turkmenistan Vepa Khadzhiev was seconded to Islamabad, the capital of Pakistan, to conduct comprehensive negotiations on energy projects. The corresponding order was signed by President Gurbanguly Berdimuhamedov during the government meeting held on Friday.
At exchange auctions, fuel and energy products were sold abroad and to the domestic market of Turkmenistan
At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, 21 transactions were registered last week.