AZERBAIJAN - Socar Trading.Based in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. as a unit of the Azeri NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, , Socar Trading was set up in February 2008 in order to market Azeri crudes and refined products in Europe. In the initial phase, however, its work is limited to market research and market development opportunities, as well as future Socar investments in EU downstream ventures. Socar has also opened offices in several European capitals The term European capital may refer to:
In early 2008, Socar's sales of Azeri light were limited to two cargoes per month out of the Ceyhan terminal. But it was planning to have larger volumes in 2008 to be sold on term basis to refiners in Europe and Asia. The initial volumes have been sold to Israel, India and Thailand. Petroleum Argus Argus Media Ltd (formerly known as Petroleum Argus Ltd) is a leading independent provider of price information, market data and business intelligence for the global petroleum, natural gas, electricity and coal industries. on March 3, 2008, reported that Socar was discussing potential term deals with European, US, Chilean and Asia-Pacific buyers. In 2007, Socar exported 160,000 b/d of crude oils, including about 130,000 b/d of Azeri Light, compared to 100,000 b/d in 2006. |
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