SOCAR Trading won the tender for the purchase of Turkmen oil Eni
09:56 24.12.2020 7853
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.
Achievements of the Seydi oil refinery
With great achievements and successes, the Seydi oil refinery is confidently moving towards new heights of progress, as evidenced by the company's socio-economic indicators this year.
«Nebitgazchykarysh»: 503 wells repaired in 11 months
The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.
Government meeting considered the work of fuel and energy enterprises in the Balkan region
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the situation in the fuel and energy complex in the Balkan region at a government meeting chaired by President of Turkmenistan Gurbanguly Berdimuhamedov last Friday.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The President approved proposals for the rational use of oil refinery capacities
On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.