- 92,000 tonnes of Azeri Light crude oil arrived at Omišalj from the Caspian region.
- The shipment is part of a commercial agreement announced in May.
- MOL aims to process up to 160,000 tonnes of alternative crude annually.
- Further shipments are expected to establish a regular supply chain.
Arrival of Azeri Crude
The first joint shipment of Azeri crude oil has arrived at the port of Omišalj on the Adriatic coast. The tanker delivered 92,000 tonnes of Azeri Light crude oil from the Caspian region, having departed from the Ceyhan terminal in Türkiye. This marks a significant milestone in the cooperation between MVM Group and MOL Group, aimed at diversifying the region’s energy supply.
Commercial Agreement and Objectives
The arrival of the tanker is a tangible step in the implementation of the commercial agreement announced in May. The cooperation allows MOL to increase the volume of alternative crude oil processed in its refineries by up to 160,000 tonnes per year. This initiative supports the diversification of crude sources and enhances supply flexibility and security in the region.
Logistics and Supply Chain
MOL and MVM jointly manage the transport of crude oil from the Caspian region. This collaboration leverages MVM’s condensate trading opportunities from its stake in the Shah Deniz field, along with MOL’s logistics and refining capacities. The successful arrival of the first shipment demonstrates the viability of the joint logistics and commercial model.
Future Shipments
This shipment is the first to include volumes marketed by MVM, in addition to MOL’s own sources. Further shipments are expected in the coming months, with the goal of establishing a regular and predictable supply chain between the Caspian region and Central Europe. This ongoing cooperation aims to strengthen domestic supply security and support long-term energy diversification objectives.
