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SOCAR reveals plans on oil pumping via Baku-Novorossiysk in March

Oil&Gas Materials 25 February 2016 20:54 (UTC +04:00)
Azerbaijan’s state oil company SOCAR will pump 80,000 tons of oil via Baku-Novorossiysk oil pipeline in March 2016.

Baku, Azerbaijan, Feb. 25

By Maksim Tsurkov - Trend:

Azerbaijan's state oil company SOCAR will pump 80,000 tons of oil via Baku-Novorossiysk oil pipeline in March 2016, a source in SOCAR told Trend Feb. 25.

SOCAR will pump 1.3 million tons of oil via Baku-Novorossiysk in 2016, according to a new agreement with Russian Transneft, said the source.

The company did not export oil via the pipeline in January and February and redirected it to the Baku-Tbilisi-Ceyhan pipeline, added the source.

SOCAR transported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015 versus 932,160 tons of oil in 2014.

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Follow the author on Twitter: @MaksimTsurkov

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