Baku, Azerbaijan, Jan. 20
By Maksim Tsurkov – Trend:
The Dragon Oil company, the operator of the Turkmen Cheleken oil field, the products of which are mainly transported via the Baku-Tbilisi-Ceyhan oil pipeline, may reduce the volumes of oil transportation through the capital of Azerbaijan, a source in country’s oil and gas market told Trend.
“Currently, all the oil export by Dragon Oil from the Cheleken field goes west through Baku and north through the city of Makhachkala,” the source said. “However, now that sanctions against Iran are removed, Dragon Oil and the Emirates National Oil Company (ENOC), which is 100-percent owner of Dragon Oil, are considering to resume oil swap operations with Iran, which were suspended in 2010. Accordingly, the oil export through Baku and Makhachkala will be reduced.”
The Dragon Oil company transports oil from Turkmenistan through the port of Baku since June 2010. The company operates in Turkmenistan since 1999 as part of the Production Sharing Agreement (PSA) and is one of the largest foreign investors in the country.
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