Baku, Azerbaijan, Sept.1
By Anvar Mammadov - Trend:
The State Oil Company of Azerbaijan (SOCAR) exported 930,670 metric tons of oil via the Baku-Novorossiysk pipeline in Jan.- Aug. 2015, or 37.3 percent more than in the same period of 2014, said the message posted on SOCAR's website.
The company exported 84,910 metric tons of oil from Novorossiysk in August, while 84,760 metric tons of oil was pumped in August 2014.
SOCAR exported 932,160 metric tons of oil via the Baku-Novorossiysk pipeline in 2014, compared to 1.75 million metric tons in 2013.
SOCAR transships the oil produced at its own fields, as well as the oil of joint ventures and operation companies operating at Azerbaijan's onshore fields through Novorossiysk. Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.
SOCAR and Russian Transneft signed an agreement, according to which SOCAR will transport 1.7 million metric tons of oil produced by it independently onshore and offshore via the Baku-Novorossiysk pipeline in 2015.