SOCAR specifies volume of oil transportation via Baku-Novorossiysk
Baku, Azerbaijan, Oct. 30
By Maksim Tsurkov - Trend:
The SOCAR (State Oil Company of Azerbaijan) has applied to the Russian Transneft to pump 1.4 million tons of oil via the Baku-Novorossiysk pipeline in 2016, a source in SOCAR told Trend Oct.30.
The source said that the approval of the declared volumes by the Russian side is expected in the near future.
"It was decided to leave the volumes at the same level as in this year," said the source. "At the end of 2015, SOCAR's oil pumping via the northern route will be 1.44 million tons, respectively, an application for 2016 is 1.4 million. Approval of the volumes and signing of the agreement will take place soon."
Earlier, the company's president Rovnag Abdullayev said that it is planned to transport around 1.5-1.6 million tons of oil via Baku-Novorossiysk.
The company transported 932,160 tons of oil via the Baku-Novorossiysk pipeline in 2014, compared to 1.75 million tons in 2013.
SOCAR has been operating Baku-Novorossiysk oil pipeline since 2008. The company took over the operation of the pipeline 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.
Edited by CN
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