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SOCAR’s oil export via Novorossiysk down

Oil&Gas Materials 1 December 2016 21:00

Baku, Azerbaijan, Dec. 1

By Azad Hasanli – Trend:

Azerbaijan’s state oil company SOCAR exported 1.1 million tons of oil via the Baku-Novorossiysk pipeline in January-November 2016 as compared to 1.27 million tons in the same period of 2015, said a message posted on SOCAR website Dec. 1.

SOCAR exported 159,700 tons of oil from Novorossiysk in November 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 from joint ventures and operation companies working in Azerbaijan’s onshore fields, through Russia’s Novorossiysk port.

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

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