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Oil supplies via Baku-Novorossiysk pipeline resuming

Economy Materials 1 July 2019 19:26 (UTC +04:00)

Baku, Azerbaijan, July 1

By Kamalya Mammadli - Trend:

Oil transportation via the Baku-Novorossiysk pipeline by Azerbaijan’s state oil company SOCAR resumes this week, Trend reports with reference to Ibrahim Ahmadov, deputy head of the public relations department, on July 1.

“We plan to resume oil supply via the Baku-Novorossiysk pipeline this week,” he said.

It was previously reported that the transit through the northern oil pipeline was planned to be restored after a break for repairs from the beginning of July.

In turn, SOCAR Vice President Elshad Nasirov said that in the third quarter of this year, total supplies will amount to about 320,000-330,000 tons of raw materials.

Sources in SOCAR said that in July the volume of transit through Baku-Novorossiysk pipeline will be 80,000 tons, in August the same amount will be pumped, and in September the volume is planned at 170,000 tons.

Azerbaijan suspended oil pumping via the Baku-Novorossiysk pipeline in March due to repair on the Azerbaijani section of the pipeline. A SOCAR representative said earlier that for the period of repair work, the volumes of oil that were provided for transportation in this direction were pumped through the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.

The transit of Azerbaijan’s oil via the Baku-Novorossiysk pipeline in January-February 2019 amounted to 249,500 tons, and there were no transit shipments in March, according to Russia’s Central Dispatching Department of Fuel Energy Complex (CDU).

According to SOCAR’s Marketing and Economic Operations Department, Azerbaijan plans to pump 1.3 million tons of oil through the Baku-Novorossiysk pipeline in 2019. Azerbaijan has been transporting oil along this route since 1997.

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