BAKU, Azerbaijan, July 22
By Nargiz Ismayilova - Trend:
The volume of crude oil sales by SOCAR Trading, unrelated to the provision of supplies through SOCAR’s channels, exceeded 10 million tons in the first half of 2020, Deputy Head of the Public Relations and Events Department of the State Oil Company of Azerbaijan (SOCAR) Ibrahim Ahmadov told Trend.
"The volume of trade in oil products and condensate amounted to more than 4 million tons in the first half of this year. These volumes do not include the liquefied natural gas (LNG) sales," he said.
Headquartered in Geneva, SOCAR Trading was incorporated in December 2007 as the marketing arm of SOCAR with a mandate to market Azerbaijani barrels produced from the Azeri-Chirag-Guneshli field and other surrounding fields in Azerbaijan.
SOCAR Trading has a number of offices that aid its global growth. The company relies on its 5 main trading offices strategically located in international trading hubs such as Geneva, London, Singapore, Dubai and Houston in addition to several representative offices.
Geneva is the center of SOCAR Trading's operations.
SOCAR Trading’s second largest office is located in Singapore where the company markets Azerbaijani crude in the East as well as trade different products and continue to develop business with its Asian partners.
From Dubai, SOCAR Trading develops business in several locations in the Arabian Gulf and East Africa regions.
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