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Novorossiysk port increases oil shipping by almost 13%

Economy Materials 15 October 2014 19:52 (UTC +04:00)

Baku, Azerbaijan, Oct. 15

By Emil Ismayilov- Trend:

Russian international sea trade port of Novorossiysk shipped 57.14 million metric tons of oil in January-September 2014 compared to 69.43 million metric tons in the same period of 2013, the port said Oct. 15.

The Novorossiysk port shipped 21.42 million metric tons of petroleum products during the reporting period compared to 19 million metric tons in January-September 2013, the report said.

Around 101.02 million metric tons of a variety of cargo have been transported for nine months compared to around 106.53 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.-Sept. 2014

Jan.-Sept. 2013

Changes, %

Total cargo turnover

101 017,4

106 528,1

-5 510,7

-5,2

Bulk cargo (total)

79 336,1

88 971,5

-9 635,4

-10,8

Crude oil

57 142,6

69 429,6

-12 287,0

-17,7

Oil products

21 420,1

18 987,1

2 433,0

12,8

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 2014. 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.

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