Arzuw NEWS - Turkmenistan news

"SOCAR Trading will buy Turkmen oil in 2021

According to Argus Media, the trader "SOCAR Trading (Azerbaijan) won the tender for the purchase of oil from Turkmenistan supplied by Eni Turkmenistan. Other bidders included such major oil companies as LUKOIL, Vitol, ENOC, Rosneft, and Trafigura. Since 2017, one of the world's largest oil traders, Vitol, has had the right to buy Turkmen resources.

These changes are likely to lead to an increase in the volume of transported raw materials via the oil route "Baku-Tbilisi-Ceyhan" and a corresponding decrease in supplies through Makhachkala and Novorossiysk.

Turkmenistan's monthly oil shipments to SOCAR Trading are planned to be about 30-40 thousand tons. In general, the export of Okaremskoye oil for 11 months of 2020 amounted to 341 thousand tons. 2020 amounted to 341 thousand tons, which indicates a positive growth dynamics (in 2019 - 310 thousand tons).

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