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Azerbaijan to sell oil to U.S.

28 December 2010 11:32 (UTC+04:00)
Azerbaijan to sell oil to U.S.

BAKU – Azerbaijan will sell oil to the United States under swap operations it will carry out with Belarus and Venezuela, according to the president of the Azerbaijani state oil company SOCAR.

Rovnag Abdullayev said Belarus will replace 5 million tons of crude per year to be imported from Venezuela with Azerbaijani oil. In exchange for the oil supplied to Belarus, Azerbaijan will acquire the same volume of Venezuela’s oil and dispatch it from there to the US market by tankers.

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