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SOCAR reveals Baku-Novorossiysk oil pumping plans

Oil&Gas Materials 2 December 2016 16:15 (UTC +04:00)

Baku, Azerbaijan, Dec. 2

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR will pump about 160,000 tons of oil via the Baku-Novorossiysk pipeline in December 2016, a source in SOCAR told Trend Dec. 2.

“Around 160,000 tons of oil are planned to be pumped via the Baku-Novorossiysk pipeline in December,” said the source. “Thus, the annual pumping plan in the northern direction, which is 1.3 million tons of oil, will be fulfilled. A bid for oil pumping for 2017 has not been approved yet.”

SOCAR will pump 400,000 tons of oil via the Baku-Novorossiysk pipeline in the 4Q2016, according to the plans.

SOCAR transported 1.27 million tons of oil via Baku-Novorossiysk pipeline in 2015, as compared to 932,160 tons in 2014.

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

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

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

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