SOCAR reveals plans on oil pumping via Baku-Novorossiysk
Baku, Azerbaijan, Oct. 2
By Maksim Tsurkov - Trend:
The SOCAR (State Oil Company of Azerbaijan) will pump 340,000 tons of oil via the Baku-Novorossiysk oil pipeline in the last quarter of 2015, a source in SOCAR told Trend Oct.2.
The source said that the issue of the volume of supplies for 2016 is being worked out at the same time.
"In total, the volume of oil transportation via the Baku-Novorossiysk pipeline in 2015 will be approximately 1.4 million tons," said the source. "In accordance with the agreement with the Transneft, SOCAR had to transport 1.7 million tons of oil via the Baku-Novorossiysk pipeline, but in June 2015, SOCAR didn't export oil through the northern pipeline, having redirected nearly 300,000 tons of oil to the Baku-Tbilisi-Ceyhan oil pipeline."
SOCAR transported 932,160 metric tons of oil via the Baku-Novorossiysk pipeline in 2014, compared to 1.75 million metric tons in 2013.
SOCAR has been operating Baku-Novorossiysk oil pipeline since 2008. The company took over the operatorship from Azerbaijan International Operating Company (AIOC - headed by BP).
The length of Baku-Novorossiysk pipeline is 1,147 kilometers: 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 maximum capacity stands at 105,000 barrels per day.
SOCAR and Russian Transneft signed an agreement, according to which SOCAR will transport 1.7 million metric tons of oil produced by it independently onshore and offshore via the Baku-Novorossiysk pipeline in 2015.
Edited by CN ---
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