SOCAR increases oil export from Novorossiysk

Oil&Gas Materials 3 May 2011 18:54 (UTC +04:00)

Azerbaijan, Baku, May 3 / Trend /

SOCAR exported 710,860 tons of oil via the Baku-Novorossiysk pipeline in January-April compared to about 583,350 tons for the same period of last year, SOCAR said.
SOCAR exported 169,320 tons of oil from Novorossiysk in April compared to 134,570 tons in April 2010.

SOCAR exported 2.24 million tons of oil from Novorossiysk last year compared to 2.5 million tons in 2009.

SOCAR transships its own oil, as well as oil of joint ventures and operating companies operating in Azerbaijan's onshore fields, through Novorossiysk.

Until late 2007, AIOC was the operator of Baku-Novorossiysk. The structure then transferred these functions to SOCAR.