Baku-Novorossiysk Pipeline to Change its Operator in mid-Oct
Azzerbaijan, Baku / corr Trend S.Aliyev, V.Sharifov / In mid-October the State Oil Company of Azerbaijan (SOCAR) plans to conclude unification of issues on obtaining control of the Baku-Tbilisi-Ceyhan main export oil pipeline, a senior official of SOCAR said on 20 September.
The Azerbaijan International Operating Company (AIOC), which operates the Baku-Novorossiysk pipeline with the capacity of 5mln t, refused operation in 1997 giving preference to the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline with the capacity of 50mln t. The BTC is used for the export of light oil produced by the AIOC from the Azeri-Chirag-Guneshli fields.
Despite the AIOC having control of the Baku-Novorossiysk since 1997, SOCAR also used this pipeline for pumping oil produced in its fields, as well as crude produced by the offshore operating companies with foreign capital.
In 2008, SOCAR plans to pump approximately 1mln t of oil via this pipeline.
"In 2008, oil produced by the offshore joint ventures and operating companies will be pumped via this pipeline. SOCAR will pump its oil via this route partially," he said.