OREANDA-NEWS. April 17, 2008. The Department of Marketing & Economic Relations (State Oil Company of Azerbaijan; SOCAR) has summed up the results of the tender procedure for export of this year’s 3rd shipment of Azeri Light (BTC FOB Ceyhan) crude oil from Ceyhan port of Turkey.

SOCAR informed that Arcadia Petroleum Limited (UK) acquired a 1 million barrel shipment. The shipment will sail away from Ceyhan port on May 7-9, 2008.

This year’s first and second shipments (1 million and 950,000 barrels respectively) with sailing away from Ceyhan on February 5-7 and April 26 were also bought by Arcadia Petroleum Ltd.

In 2007, the Department sold 17 profit oil shipments of Azerbaijan from Turkish port Ceyhan with overall volume of 16.8 million barrels.

By three shipments were bought by Addax B.V. Group (1st, 7th, and 8th), Select Energy GmbH (4th, 5th, and 10th) and Sumato Energy Group Ltd (9th, 15th, and 17th), two by Glencore Energy UK (2nd and 6th), by one by Vilma Oil S.L (3rd), Arcadia Petroleum Ltd (11th), OMV Supply & Trading (12th), Vitol SA (13th), Shell International Trading & Shipping Company Ltd (14th), Exxon-Mobil (16th).

Profitable oil is distributed between the Azeri-Chirag-Gunashli project partners depending on their equity shares: BP (operator: 34.1367%), Chevron (10.2814%), SOCAR (10%), ExxonMobil (8.0006%), Devon Energy (5.6262%), Amerada Hess (2.7%), Inpex Corp. (10%), ITOCHU Oil (3.9205%), Statoil (8.5633%) and TPAO (6.75%).

In 2006, SOCAR sold through Georgia’s Supsa terminals and Batumi port and Turkey’s Ceyhan terminal by five oil shipments to Select Energy GmbH and Addax B.V. Group, by two to Statoil, Vitol Broking, Glencore Energy, by one to Mitsubishi Corporation, Arcadia and Sumato Energy Group.