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SOCAR Energoresource sells Vitol diesel from Antipinsky refinery

October 18/2019

MOSCOW (MRC) -- SOCAR Energoresource LLC has sold to Vitol up to 1.880 million tons of ultra-low sulfur diesel through a tender, according to Hydrocarbonprocessing with reference to industry sources.

The deal is for diesel originating from the Antipinsky refinery for delivery between Oct. 1, 2019 and Sept. 30, 2020 via the Baltic ports.

SOCAR Energoresource does not comment on its trading activity.

As MRC informed before, SOCAR Turkey Energy, which is a subsidiary of the State Oil Company of Azerbaijan (SOCAR), plans to lay the foundation of the Mercury petrochemical complex in Turkey in H1-2020. The plant will be located in Aliaga district, next to the Petkim petrochemical complex and the STAR refinery. With the commissioning of this plant, Turkey will settle the matter with the import of purified terephthalic acid (PTA).

PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.

SOCAR, which is keen on expanding operations in the retail oil products market abroad, is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, PET-granulate, terephthalic acid, petrochemistry, packaging, SOCAR Polymer, Azerbaijan, Turkey.
Category:General News
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