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Azerbaijan decreases oil pumping via Baku-Novorossiysk pipeline

Oil&Gas Materials 20 September 2012 16:47
This year Azerbaijan intends to pump two million tons of oil via the Baku - Novorossiysk oil pipeline, a representative of the State Oil Company of Azerbaijan (SOCAR) said on Thursday.

Azerbaijan, Baku, Sept.20/ Trend, E.Ismayilov /

This year Azerbaijan intends to pump two million tons of oil via the Baku - Novorossiysk oil pipeline, a representative of the State Oil Company of Azerbaijan (SOCAR) said on Thursday.

He said next year pumping volume will be 1.6 million tons. A decline in transportation volume is due to an increased volume of oil refining and an increase in consumption of oil products in Azerbaijan.

He stressed that the negotiations with Russian company "Transneft" on oil pumping volume, tariffs and possibility of pumping products of the third parties are underway.

Issue of suspension of oil pumping by Russia was not discussed. Currently, the negotiations are underway, the source in SOCAR said.

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