Azerbaijan can redirect to Iran part of oil exported via Russia
Baku, Azerbaijan, Feb. 11
By Maksim Tsurkov - Trend:
Azerbaijan can redirect to Iran a part of oil volumes exported via Russia to the European market, head of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said.
He made the remarks to the reporters on the sidelines of the International Petroleum (IP) Week forum in London, Russian media outlets reported.
Answering a question about the possibility of redirecting a part of oil volumes from Baku-Novorossiysk to Iran, Abdullayev said it could happen.
Abdullayev went on to add that redirecting oil volumes is a diversification and isn't dangerous.
SOCAR exported 258 tons of oil via the Baku-Novorossiysk pipeline in January 2016, compared to 169,510 tons in January 2015.
SOCAR transships the oil produced at its own fields, as well as the oil of joint ventures and operation companies working at Azerbaijan's onshore fields through Russia's Novorossiysk port. Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.
SOCAR exported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015, compared to 932,160 tons of oil exported in 2014.