SOCAR increases oil export from Novorossiysk in 2015

Oil&Gas Materials 6 January 2016 19:48 (UTC +04:00)

Baku, Azerbaijan, Jan. 6

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015 compared to 932,160 tons of oil in the same period in 2014, SOCAR said Jan. 6.

The company did not export oil from Novorossiysk in December 2015 as in 2014.

The company exported 932,160 tons of oil via the Baku-Novorossiysk pipeline in 2014, compared to 1.75 million tons in 2013.

SOCAR exports the oil produced at its own fields, as well as the oil of joint ventures and operation companies operating at Azerbaijan's onshore fields through Novorossiysk. Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by the company.

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