SOCAR Trading plans to view possibility of extending export contract with NNPC
By Trend
SOCAR Trading, a trading house of Azerbaijan’s state oil company SOCAR, plans to consider the possibilities of extending the contract with the Nigerian National Petroleum Corporation (NNPC) for the export of crude oil, SOCAR told Trend.
"The contract with NNPC expires in June 2019 and we plan to view the possibilities of extending it," said the company.
SOCAR said that it exports averagely around 1 million barrels of crude oil from Nigeria per month.
SOCAR Trading, headquartered in Geneva, was established in late
2007 by the State Oil Company of Azerbaijan.
The company sells SOCAR crude oil from Ceyhan port (Mediterranean
Sea, Turkey), trades oil and oil products of other countries, and
also assists the parent company in international investments. The
SOCAR Trading operations cover the countries of Europe, Asia and
America.
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