press release

Loading of the first tanker at Supsa, Georgia

[NOTE: The following news release was issued by AIOC. Unocal is a participant in this consortium]

April 7, 1999 -- Azerbaijan International Operating Company announces the first oil tanker loading connected to the Western Export Route Pipeline Project.

On Sunday, 4 April, the tanker Agip Peimonte arrived off the Black Sea Coast near Supsa and is today, Wednesday 7 April, loading the first cargo of Azeri Light Crude Oil for further delivery to international markets. This oil is the first to be pumped through the Western Export Route pipeline from Azerbaijan and Georgia, and then transferred into a tanker moored off the onshore Supsa terminal.

The first vessel is of Italian registry and is loading a cargo of 80,000 tons of oil destined for a refinery in Castellan, Spain. This first loading will be followed by routine loadings about every 10 days.

This first loading of a tanker at Supsa Terminal signifies the historical and successful realization of the Western Route Export Pipeline project and is significant for both Azerbaijan and Georgia.

AIOC is owned by a consortium of 11 international oil companies and together with its affiliate, the Georgian Pipeline Company, operates the Western Route Pipeline and the terminal facilities, which are located in both Azerbaijan and in Georgia.

Updated: April 1999