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SOCAR’s oil export from Russian Novorossiysk hikes Y/Y

Oil&Gas Materials 1 March 2017 18:39 (UTC +04:00)

Baku, Azerbaijan, March 1

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR exported 159,780 tons of oil via the Baku-Novorossiysk pipeline in January-February 2017 as compared to 258 tons in January-February 2016, SOCAR said in a message March 1.

The company exported 79,840 tons of oil from Russia’s Novorossiysk in February 2017.

SOCAR exported 1.22 million tons of oil via the Baku-Novorossiysk pipeline in 2016 as compared to 1.27 million tons in 2015.

SOCAR exports the oil produced at its own fields, as well as the oil from joint ventures and operation companies working in 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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