- 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 increase alternative crude processing by up to 160,000 tonnes annually.
- Further shipments are expected to establish a regular supply chain.
Shipment Details
The first joint shipment of Azeri Light crude oil has arrived at the port of Omišalj on the Adriatic coast. The tanker delivered 92,000 tonnes of crude oil from the Caspian region, departing from the Ceyhan terminal in Türkiye. This marks a significant step in diversifying the region's energy supply.
Commercial Agreement
The arrival of the shipment is a milestone in the commercial agreement announced in May. This cooperation aims to enhance the flexibility and security of supply to the region. MOL Group plans to increase the volume of alternative crude oil processed in its refineries by up to 160,000 tonnes per year.
Logistics and Cooperation
MOL and MVM jointly manage the transport of crude oil from the Caspian region. This partnership leverages MVM's condensate trading opportunities from its stake in the Shah Deniz field, along with MOL's logistics and refining capacities. The successful management of this first shipment lays the groundwork for a predictable cooperation model.
Future Plans
This shipment is the first to include volumes marketed by MVM, not solely based on MOL's 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.
