...

SOCAR discloses plans on oil transportation via Baku-Novorossiysk in June

Business Materials 7 June 2016 18:54 (UTC +04:00)

Baku, Azerbaijan, June 7

By Maksim Tsurkov - Trend:

Azerbaijan's state oil company SOCAR will transport about 160,000 tons of oil via the Baku-Novorossiysk pipeline in June 2016, a source in SOCAR told Trend June 7.

The work with the Russian company Transneft is continuing according to the plan and there is no problems, said the source.

SOCAR will transport 400,000 tons of oil via the Baku-Novorossiysk pipeline in the second quarter of 2016.

The company transported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015 versus 932,160 tons of oil in 2014.

The Baku-Novorossiysk pipeline is 1,147 kilometers long. The length of its Azerbaijani section is 231 kilometers, while its Russian section is 916 kilometers long.

The pipeline was filled with oil in October 1996. Its highest capacity stands at 105,000 barrels a day.

A new agreement was signed between SOCAR and Transneft in February, under which SOCAR will transport 1.3 million tons of oil, produced by it at onshore and offshore fields, via the Baku-Novorossiysk pipeline in 2016.

---

Follow the author on Twitter: @MaksimTsurkov

Tags:
Latest

Latest