SOCAR oil export via Russia’s Novorossiysk up

Oil&Gas Materials 1 February 2017 17:11 (UTC +04:00)

Baku, Azerbaijan, Feb. 1

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR exported 79,935 tons of oil via the Baku-Novorossiysk oil pipeline in January 2017 as compared to 258 tons in January 2016, SOCAR said in a message posted on its website Feb. 1.

The company exported 1.22 million tons of oil from the Russian port of Novorossiysk in 2016 versus 1.27 million tons in 2015.

SOCAR exports the oil produced at its own fields, as well as the oil from 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