Azeri Light Marketing & Export options
Before the establishment of SOCAR Trading, SOCAR initially exported its crude through Georgia and Russia, until the much larger Baku-Tbilisi-Ceyhan (BTC) pipeline was completed in 2005. The BTC allowed SOCAR access to the Mediterranean through Ceyhan, Turkey and allowed it to load Very Large Crude Carriers (VLCCs) which gave SOCAR the opportunity to deliver Azeri crude to a wider range of customers, in the Mediterranean area, as well as further out to Asia and America.
Once established in 2008, SOCAR Trading - a wholly-owned state entity headquartered in Geneva - took over the torch and has successfully marketed close to 1 billion barrels of Azeri Light crude on a global scale.
As a trading company, SOCAR Trading was able to better manage the sale of Azeri crude through increased pricing flexibility and the ability to adapt to changing global needs, in addition to enhanced market knowledge stemming from its large network of partners and counter-parties.
As of now, Azeri crude is delivered through mainly two pipelines: the Western Route Export Pipeline (WREP) in Georgia and the Baku-Tbilisi-Ceyhan pipeline (BTC) in Turkey.