SOCAR increases oil export from Novorossiysk in January-May
Azerbaijan, Baku, June 1 / Trend /
SOCAR exported over 920,000 tons of oil via the Baku-Novorossiysk pipeline in January-May compared to about 877,630 tons for the same period of last year, SOCAR said.
SOCAR exported 209,300 tons of oil from Novorossiysk in May compared to 294,300 tons in May 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.