SOCAR reduces oil export through Novorossiysk port

Oil&Gas Materials 2 September 2016 12:15 (UTC +04:00)

Baku, Azerbaijan, Sept.2

By Azad Hasanli - Trend:

Azerbaijan’s state oil company SOCAR exported 728,770 tons of oil via the Baku-Novorossiysk pipeline in January-August 2016, as compared to 930,670 tons in the first eight months of 2015, said SOCAR’s website.

SOCAR exported 169,700 tons of oil from Novorossiysk in August 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.