Dragon Oil plans to export Turkmen oil through Azerbaijan
Turkmenistan, Ashgabat, Feb.23 / Trend, H. Hasanov
Dragon Oil, operating in the Turkmen sector of the Caspian Sea, plans to use a route through Azerbaijan to export crude oil in 2012, the company said on Thursday.
"We secured a marketing route for the full volume of our entitlement production until the end of 2012 via Azerbaijan that has proven to be a reliable outlet for our crude oil to-date," the company said in a report.
Dragon Oil exported about 11.4 million barrels of oil produced in Turkmenistan's sector of the Caspian Sea in 2011, which is 6 percent more than in 2010, when 10.8 million barrels were sold.
The company transported 99 percent of its total exports through Azerbaijan in 2011, compared to 60 percent in 2010.