Azerbaijan’s SOCAR reduces oil export from Novorossiysk port

Oil&Gas Materials 3 May 2016 09:47 (UTC +04:00)

Baku, Azerbaijan, May 3

By Azad Hasanli - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 239,500 tons of oil via the Baku-Novorossiysk pipeline in January-April of 2016, as compared to 508,490 tons in the same period in 2015, said SOCAR's website.

SOCAR exported around 159,600 tons of oil from Novorossiysk in April of 2016.

The company exported 1.27 million tons of oil via the Baku-Novorossiysk pipeline in 2015, as compared to 932,160 tons in 2014.

SOCAR exports the oil produced at its own fields, as well as the oil of joint ventures and operation companies working at Azerbaijan's onshore fields, through Russia's Novorossiysk port.

Oil is delivered to the port via the Baku-Novorossiysk pipeline operated by SOCAR.