SOCAR reduces oil export from Novorossiysk port

Oil&Gas Materials 1 July 2016 19:27 (UTC +04:00)

Baku, Azerbaijan, July 1
By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR exported 479,070 tons of oil via Baku-Novorossiysk pipeline in January-June 2016, as compared to 678,050 tons in the same period of 2015, SOCAR said July 1.

SOCAR exported nearly 159,570 tons of oil from Novorossiysk port in June 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.


Follow the author on Twitter: @MaksimTsurkov