Azerbaijani State Customs Committee Divulges Volume of SOCAR’s Oil Cargo Export

Oil&Gas Materials 2 February 2008 14:49 (UTC +04:00)

Azerbaijan, Baku, 2 February / Trend / The Marketing & Economic Operations Department at the State Oil Company of Azerbaijan Republic (SOCAR) exported 5.3mln tons of oil and 2.8mln tons of oil products in 2007, the State Customs Committee reported.

SOCAR produces oil from over 50 fields through its own funds. Oil products are produced at two Baku oil-refineries which total refining capacity exceeds 20mln tons of oil per year. SOCAR sells oil via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Novorossiysk pipelines.

In 2007, AZERISTAR exported 28,950 tons of oil products, Az Trans Reil - 48,000 tons, Sumgait Asgarlar - 30,000 tons.