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22.08.2016 13:20

Business in Africa and Asia allows SOCAR trading increasing third countries oil sales

SOCAR Trading (trade house of the State Oil Company of Azerbaijan) is applying force to develop its business in Africa and Asia through long-term relationships.

SOCAR Trading reports that in particular it trades a wide range of third party crudes, with over 75 million barrels of crude delivered in 2015 against 56.5 million barrels in 2014.

The peak on trading of third countries oil was recorded in 2013 79 million barrels.

As for Azeri Light oil sales, in 2015 SOCAR Trading sold 166 million barrels of this oil in 2015 against 188.2 million barrels in 2014.

The highest oil sales indicator was registered in 2011 210 million barrels of Azerbaijani oil.

The company is able to leverage its position as a major supplier of Azeri crude as well as its status as a state owned company to gain access to several opportunities worldwide, SOCAR trading said in a statement.

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