Azerbaijan, Baku, 15 August / Trend corr. I.Khalilova/ State Oil Company of Azerbaijan (SOCAR) and the Azerbaijan International Operating Company (AIOC) intend to improve pumping of Azerbaijan's oil via the Baku-Novorossiysk pipe to 240-250,000 tons per month, Russia's Trade Representative to Azerbaijan Yuri Shchedrin said on 14 August.
Fire on Turkey's section of the Baku-Tbilisi-Ceyhan (BTC) pipe and suspension of oil dispatch from the ports has entailed a need to improve pumping of Azerbaijan's oil via the Baku-Novorossiysk.
SOCAR is the operator of the Baku-Novorossiysk. Oil produced from SOCAR's own fields, as well as the oil of onshore joint ventures and operating companies, is transported through the pipe. Oil pumping via the BTC was suspended after fire, and the oil of AIOC produced from the Azeri-Chirag-Gunashli (ACG) is now also pumped via the Baku-Novorossiysk
On 14 August, the official exchange rate totalled 0.8133 AZN/USD.
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