International Crude Oil Sales
We focus on supplying TPAO & affiliates crude oil, which produced from international projects, to global consumption centers in most profitable way. Integrated oil companies (IOC & NOCs) and refinaries from Asia, Far East, Europe and USA is prefered as business counterparty.
While sales is performed by tender based, delivery is made on FOB (Free on Board).
We, as being a state company, request from buyers to open Irrevocable Confirmed Letter of Credit as the payment tool.
Marketing and sales activities currently includes Azerbaijan/Azeri Light Cude and Iraq / ‘Basrah Heavy – Basrah Light’ Crude Oil.
Yearly sales volume of TPAO is almost 13 MV which consist of 8MV Azeri and 5 MV Iraqi crude oil.
- Azeri (Ceyhan) Crude Oil: Ceyhan crude is the blend of oil produced from ACG oil project and condensate of Shah Deniz gas projects both located in Caspian Sea. API gravity is 36.6 and Sulphur content is %wt 0.15. Loading performed at Ceyhan Oil Terminal in Turkey. Usual cargo size is 600 KB and 1 MMbbls.
- Azeri (Supsa) Crude Oil: Oil is produced from ACG Oil Project in Caspian Sea / Azerbaijan. API gravity is 35.2 and Sulphur content is %wt 0.14. Loading performed at Supsa Oil Terminal in Georgia. Usual cargo size is 600 KB and 1 MMbbls.
Basrah Light is the light crude of Iraq exported to global markets from Al Basrah Oil Terminal (BOT). API gravity is 29.7 and Sulphur content is %wt 2.85. Loading performed at BOT / Single Point Mooring (SPM) at Basrah / Iraq. Usual cargo size is 1 or 2 MMbbls.
Basrah Heavy is the heavy crude of Iraq with high sulphur which exported to global markets from Al Basrah Oil Terminal (BOT). API gravity is 23.7 and Sulphur content is %wt 4.12. Loading performed at BOT / Single Point Mooring (SPM) at Basrah / Iraq. Usual cargo size is 1 or 2 MMbbls.