SOCAR increases oil export via Baku-Novorossiysk pipeline
Baku, Azerbaijan, June 1
By Azad Hasanli – Trend:
Azerbaijan’s state oil company SOCAR exported 573,840 tons of oil via the Baku-Novorossiysk pipeline in January-May 2017 as compared to 319,500 tons in the same period of 2016, SOCAR said in a message posted on its website June 1.
The company exported 84,630 tons of oil from the Russian port of Novorossiysk in May 2017.
SOCAR exported 1.22 million tons of oil via the Baku-Novorossiysk pipeline 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.