EMEA News
Azerbaijan Oil Company to Supply Fuel in Turkey
The State Oil Company of Azerbaijan Republic (SOCAR) has signed an agreement with storage company Delta Rubis for fuels, aviation, and marine sales in Ceyhan, Turkey, industry news outlet Tank Storage Magazine reports.
SOCAR, which recently received a license to sell bunker fuel from the Energy Market Regulatory Agency, signed a five-year supply agreement with Delta Rubis.
"The Ceyhan region has strategic importance to SOCAR," said Mutluay Doğan, CEO of SOCAR Turkey Petroleum Energy Distribution Company.
"This region is an area where Azerbaijan oil meets the world markets and SOCAR is the main user of this route.
"Starting with the fuel sale to crude oil tankers, we will be the first provider of the comprehensive marine sales service in the Mediterranean region of Turkey."
Ceyhan is located at the crossroads of the Baku-Tbillsi-Ceyhan and the Kerkuk-Yumurtalik pipelines and has a throughput capacity of about 55 million tonnes per year (mtpa) of crude oil.
SOCAR recently announced a preliminary deal with lenders to help finance a $4 billion Turkish refinery as part of a strategy for improving its downstream operations in the country, the Turkish newspaper Hürriyet Daily News reported.
