Azerbaijan, Baku, August 24 / Trend E. Ismayilov /
On August 28 the State Oil Company of Azerbaijan Republic (SOCAR) plans to finish oil pumping via the Baku-Novorossiysk pipeline, scheduled for August, SOCAR said on August 24.
"The pumping scheduled for August continues. It is expected to be ceased on August 28, a source said.
A source said that at present, about 9,000 tons of oil is pumped daily via north direction. About 216,000 tons of oil has been pumped via the Baku-Novorossiysk pipeline since early August to present compared to 240,000 tons scheduled for August.
Operation of the oil pipeline will be ceased on August 25 at 08:00 a.m. Three planned suspension were scheduled on August 12, 18 and 25 for eight hours each.
According to the forecast, the pipeline will transport 140,000 tons of oil in September, 248,000 in October, 240,000 tons in November, and 140,000 tons in December.
SOCAR ships own oil via the Novorossiysk port. According to SOCAR, in January to July over 1.5 million tons of oil was supplied via the Baku-Novorossiysk pipeline compared to more than 782,000 tons for the same period of 2008.
As many as 247,500 tons of oil was delivered via this route in July compared to 83,700 tons for the same period of 2008.
SOCAR intends to increase oil export up to 2.5 million tons via the Baku-Novorossiysk pipeline in 2009 compared to 1.3 million tons in 2008.
About 1.2 million tons of oil was exported via this route in 2007. This index is similar with 2006. Export hit 1.6 million tons via the Baku-Novorossiysk pipeline in 2005.
Today, via the Baku - Novorossiysk oil pipeline, Azerbaijan receives (at the port of Novorossiysk) Urals brand oil because of mixing with other oil producers.
The operator of the Baku-Novorossiysk was the Azerbaijan International Operating Company until the end of 2007. The SOCAR began to operate the pipeline since 2007
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