SOCAR exports over 650,000 tons of oil from Novorossiysk in January-May
Azerbaijan, Baku, June 4 / Trend, E.Ismayilov /
The State Oil Company of Azerbaijan (SOCAR) exported 655,880 tons of oil via the Baku-Novorossiysk oil pipeline in January-May compared to 820,740 in January-May 2012, SOCAR said today.
In 2012 SOCAR exported 2.06 million tons of oil via the Baku-Novorossiysk pipeline compared to 1.99 million tons in 2011.
According to the report, in May 85,380 tons of oil were exported from Novorossiysk compared to 164,430 tons in May 2012.
SOCAR tranships oil from its own fields and from joint ventures and companies operating in Azerbaijan, through Novorossiysk.
Azerbaijan International Operating Company (AIOC) became the operator of the Baku-Novorossiysk pipeline till late 2007. It then transferred these functions to SOCAR.