SOCAR to Redirect Export Oil via Baku-Novorossiysk Pipeline

Azerbaijan Baku, 4 February / corr Trend V.Sharifov / The State Oil Company of Azerbaijan (SOCAR) is arranging the export of its oil from the Dubendi terminal (located 47km from Baku) to the Georgian Sea port of Batumi by rail, the SOCAR representative said on 4 February. SOCAR produces oil from its onshore and offshore fields.

"At present the technical arrangements for oil transportation by rail to Batumi are underway. We plan to unload the tanker with the deadweight of 80,000 tons from the Georgian port," SOCAR said. The direct transportation of 80,000 tons of oil to Batumi will take approximately 10 days to complete.

SOCAR has unloaded oil from Dubendi since 1999. The platform operated by Dubai-operated Middle East Petrol is used for pouring oil to railway cisterns in the terminal of SOCAR.

SOCAR is obliged to commence export of oil by rail to Batumi from the Dubendi terminal. Russian pipeline monopolist Transneft offered Azerbaijan to annul the existing transportation agreement on oil pumping via the Baku-Novorossiysk pipeline with respect to revise the conditions of the agreement.

The transportation agreement between Transneft and the Azerbaijani International Operating Company (AIOC), which produces light oil from the Azeri-Chirag-Guneshli fields and operates the Baku-Novorossiysk pipeline, was concluded in 1997. The issue of re-signing the agreement was raised by Transneft when in 2007 AIOC, guiding the terms of the agreement, informed Transneft of its rights and obligations in the agreement to SOCAR.

SOCAR, which owns the Baku-Novorossiysk pipeline, said that the AIOC and SOCAR do not see any necessity for re-signing of the existing transportation agreement with Transneft. SOCAR is prepared to pump oil via the Baku-Novorossiysk route based on the agreement reached with the Russian company, allowing the consideration of Transneft's proposals on injecting some changes to the document.

"We have delivered to Transneft the relevant categories on delivery of oil volumes ordered previously, said SOCAR. Unless Transneft confirms its readiness to receive oil on the exiting deal in the scheduled timetable, we will be obliged to cease oil export via the Baku-Novorossiysk pipeline and redirect the oil volumes in other directions.

Annually, the State Oil Company of Azerbaijan Republic (SOCAR) pumps 2-2.5mln tons of Azerbaijani oil produced in the onshore and offshore fields through its own funds, as well as the oil produced in the onshore fields by the joint ventures and operating companies with foreign capital, via the Baku-Novorossiysk pipeline at the price of $15.67 per ton. AIOC transports high-gravity oil which is produced in the Azeri-Chirag-Gunashli field also via the Baku-Novorossiysk, for large consignments of its oil is pumped via the Baku-Tbilisi-Ceyhan (BTC) pipeline.

"SOCAR has all technical opportunities to re-direct its oil from Baku-Novorossiysk to the Ceyhan terminal, as well as to the Black Sea terminals of Batumi and Kulevi," a source at SOCAR said.

The capacity of the BTC constitutes 50mln tons of oil a year. It pumps Azeri Light oil produced in the Azeri-Chirag-Gunashli. The pipeline's pumping capacity may be increased to 65mln tons a year through chemical re-agents and construction of more pumping facilities. Thus, the carrying capacity of the BTC will be enough for pumping of the oil of AIOC, SOCAR, as well as that of Kazakhstan which will be pumped via the pipeline after 2011.

SOCAR can also export oil via its Kulevi terminal in Georgia, which is expected to operate from the first quarter of 2008.

Turkmenistan sells diesel fuel, gasoline to number of countries
Turkmenistan sells diesel fuel, gasoline to number of countries
Kazakhstan's exports to Portugal plummet amid COVID-19
Kazakhstan's exports to Portugal plummet amid COVID-19
Kazakhstan boosts trade turnover with Lithuania
Kazakhstan boosts trade turnover with Lithuania
Loading Bars
Latest
Conversations ongoing on potential projects between Turkmenistan, UK
Exports to Iraq via Mehran crossing top $460m
Turkey passes 10 million mark in COVID-19 vaccinations
Georgian parliamentary committees to hear report on HPP construction
Official representative of Presidential Administration of Azerbaijan thanks Israel for medical assistance - Israel HaYom
UN chief urges countries to adopt special measures, quotas to advance women's equal participation
UK records another 4,712 coronavirus cases
Supreme Court rejects final Trump election challenge
India may start full operations at Chabahar port by May end
Iran profits from gas transmission development
Georgia 1st among best destinations for vaccinated travellers in 2021
Erdogan, Johnson discuss bilateral developments over phone
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
U.S. COVID-19 cases surpass 29 mln
Yellen says Biden COVID bill to fuel 'very strong' U.S. recovery
Iran's budget deficit decreases
Iran's Energy Exchange announces products to be on sale on March 9
Africa's confirmed COVID-19 cases pass 3.96 mln: Africa CDC
Syria's President Bashar al-Assad tests positive for Covid-19
Employment in Iran's industrial sector increases
Bulk of Jan.2021 loans to electric energy sector in Azerbaijan issued in foreign currency
Azerbaijan confirms 71 more COVID-19 recoveries
Loading-unloading of cargo in ports of Iran's Gilan Province expands
Iran's power consumption reduced by Omid plan
Iran to inaugurate more projects in free economic zones
Iran has developed steel supply chain - Iranian President
Iran's Securities and Exchanges Organization talks number of investors in capital market
Iran’s Bahar Azadi gold coin price rising
Volume of dry-farming land in Iran increases
Iran's NISOC begins excavations on its territory
Iran’s South Pars Gas Company reveals production data of its refinery
Iran waits for Europeans to comply with the JCPOA - MFA
Iran to make decision whether to open schools after Nowruz holiday
Production of LPG-fueled cars in Iran's interests - Chamber of Commerce
Armenia's war crimes exposed at UN Congress
Azerbaijan sees growth in Jan.2021 transactions via clearing system for small payments
Iran boosts car manufacturing
Spanish La Vanguardia: Return to Azerbaijan's Karabakh after war
Azerbaijan’s export of ferrous metal products down
Turkmenbashi Oil Refineries opens tender for purchase of gasoline
Britain's M&S expands online business to over 100 markets
Dustbin of history - place for former Armenian president Kocharian, 'Karabakh clan' - historian
Khazar Consortium opens tender to purchase cementing unit
Turkey’s food retail chain Migros to bolster gender-equal workforce and greener stores
Iran Mercantile Exchange working to expand sale of goods
Iran reveals COVID-19 data for March 8
Modi to inaugurate Maitri Setu between India and Bangladesh on Tuesday
India's Covid Vaccine Rollout "Rescued The World": Top US Scientist
India pre-eminent partner of US in Indo-Pacific region: Blinken tells Jaishankar
Bachendri Pal to lead all women team aged above 50 in a 5 month long Himalayan expedition
Satellite set for Mar 28 launch will provide near real time images of borders, quick monitoring of natural disasters
Sikh Fighter Pilot Memorial In UK To Honour Indians Who Fought In World Wars
IMF, Georgia review agenda of bilateral cooperation
Iranian President and Irish FM discuss JCPOA
Iran reserves strategic basic goods
Iran’s Rouhani asks for release of frozen assets in Iraqi banks
Iranian parliament approves increase of salaries to aid low incomes
Iran not to allocate Nowruz gasoline quota due to COVID-19
Uzbekneftegaz establishing production of import-substituting products for industrial enterprises
Iran to obtain its funds frozen in Iraq
Georgia opens new enterprise with support of Rural Development Agency
Interest in entrepreneurship growing among women in Azerbaijan
Export of cotton from Azerbaijan greatly increases in Jan. 2021
Mubarek oil&gas production dep’t owned by Uzbekneftegaz to increase natural gas production
Uzbekistan reveals its COVID-19 data for March 8
Iran unveils number of mining facilities put into operation
Japanese businessmen visit Azerbaijan’s Guba genocide memorial complex (PHOTO)
Development of Iran's Siyahmakan oil field launched
Nearly half of non-oil sector taxes in Azerbaijan falls on mobile operator in 2020
Azerbaijan's Azercell reveals number of processed requests in 2020
Azerbaijan's Jan. 2021 imports from EU show increase
Accumulative life insurance market in Azerbaijan grows
Iran capable of building long water transfer pipelines - Iranian VP
Deliveroo launches London IPO after business surges in 2020
Iran to publish final report of the downed Ukrainian jet soon
No direct or indirect relations between Iran and US - Iranian Foreign Ministry
Approval of FATF related bills would increase Iran's export revenue - Iranian Union
Iranian medicine importers awaiting approval of FATF related conventions
Turkey records slight decrease in car exports abroad
Cement exports from Turkey to global markets grow
Azerbaijan shows footage from Zangilan's Garagoz village (VIDEO)
Turkey's revenues from export of grains, legumes to global markets up
Moscow hosts opening ceremony of another 'Gifts of Azerbaijan' stand
Turkmenistan sells diesel fuel, gasoline to number of countries
Baku celebrating International Women's Day (PHOTO)
Kazakhstan's exports to Portugal plummet amid COVID-19
Kazakhstan boosts trade turnover with Lithuania
Oil supply to exceed demand in 2022, says JP Morgan
Georgia sees decrease in COVID-19 cases
Uzbekistan's gold deposit ranks in list of world's biggest gold mines by production
Azerbaijan's digital infrastructure project to generate Digital Silk Road between Europe, C.Asia
U.S. says all options on table for a decision on Afghanistan
Growth rate of agricultural production in Turkmenistan increases
Uzbekneftegaz reveals volume of oil products manufactured in 2M2021
Azerbaijan's First VP congratulates Azerbaijani women on International Women's Day
JP Morgan reveals 2021 oil demand & supply forecasts
Boom in Iran's housing sector create new jobs for local force
JP Morgan says OPEC to boost supply in 2021
OPEC crude output to exceed 30 mbpd in 2022 – JP Morgan
Uzbekistan, India talk mutual phytosanitary permits for agricultural products
All news