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SOCAR reduces oil export through Novorossiysk

Oil&Gas Materials 1 August 2016 20:50 (UTC +04:00)

Baku, Azerbaijan, Aug.1

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR exported 559,070 tons of oil via the Baku-Novorossiysk pipeline in January-July 2016, as compared to 845,760 tons in the first seven months of 2015, said SOCAR’s website.

SOCAR exported 79,990 tons of oil from Novorossiysk in July 2016.

The company exported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015, as compared to 932,160 tons in 2014.

SOCAR exports the oil produced at its own fields, as well as the oil of joint ventures and operation companies working at Azerbaijan’s onshore fields, through Russia’s Novorossiysk port.

Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.

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Follow the author on Twitter: @MaksimTsurkov

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