Novorossiysk port reduces oil shipping by almost 17%

Economy Materials 19 September 2014 18:40 (UTC +04:00)

Baku, Azerbaijan, Sept.19

By Emil Ismayilov- Trend:

Russian international sea trade port of Novorossiysk shipped 51.18 million metric tons of oil in January-August 2014, compared to 61.46 million metric tons in the same period of 2013, a message posted on the port's website said Sept.19.

The Novorossiysk port shipped nearly 19.26 million metric tons of petroleum products during the reporting period, compared to 17.21 million metric tons in January-August 2013, the port's website said.

Over 90.2 million metric tons of a variety of cargo has been transported over eight months, compared to around 94.6 million metric tons in the same period of 2013.

The Novorossiysk port transshipped about 91.74 million metric tons of oil in 2013, compared to 110.83 million metric tons in 2012. The port transshipped 24.2 million metric tons of oil products in 2013 compared to 19.4 million tons in 2012.

Totally, the port transshipped about 141 million metric tons of cargo in 2013, compared to about 159 million metric tons in 2012.

The State Oil Company of the Azerbaijan Republic (SOCAR) transports its own oil through this port.

Summary table of cargo transportation by Novorossiysk Port (thousand metric tons):

Jan.-Aug. 2014

Jan.-Aug. 2013


Total cargo turnover

90 245,7

94 557,2

-4 311,5


Bulk cargo (total)

71 155,5

79 195,4

-8 039,9


Crude oil

51 182,2

61 462,4

-10 280,2


Oil products

19 259,1

17 212,2

2 046,9


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

Earlier, the Russian side decided to terminate the intergovernmental agreement on the supply of oil via the Baku-Novorossiysk pipeline. Nevertheless, it was stated that there was opportunity for further negotiations with the Russian side on the operation of this pipeline, in particular in the opposite direction.

The oil pumping through the pipeline was suspended in February. However, SOCAR and Russian Transneft recently signed a new agreement on oil transportation via the Baku-Novorossiysk pipeline, in accordance to which, the oil transportation via the Baku-Novorossiysk pipeline was restored.

Edited by CN