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SOCAR’s oil export from Black Sea oil terminal down

Oil&Gas Materials 3 February 2017 12:55 (UTC +04:00)

Baku, Azerbaijan, Feb. 3

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR loaded 152 tankers in 2016 at its Black Sea oil terminal in Georgia’s Kulevi that is by 26.6 percent less than in 2015 (207 tankers), according to the statistical data posted on the terminal’s website.

According to the data, 42 tankers were loaded at the terminal in the 1Q2016, 39 tankers – in 2Q2016, 31 tankers – in the 3Q2016 and 40 tankers – in the 4Q2016. These indicators were 52, 46, 53 and 56 tankers, respectively, in 2015.

The terminal in Georgia’s Kulevi was commissioned in May 2008 and oil products’ transshipment started in June of the same year. The total capacity of the terminal is 10 million tons of bulk-oil cargo per year, three million tons of oil, three million tons of diesel fuel and four million tons of fuel oil. Total capacity of the terminal’s tank farm is 380,000 cubic meters.

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Follow the author on Twitter: @MaksimTsurkov

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