SOCAR suspends oil supplies via Baku-Novorossiysk pipeline in July

Oil&Gas Materials 1 August 2017 19:59 (UTC +04:00)

Baku, Azerbaijan, Aug.1

By Huseyn Valiyev – Trend:

Azerbaijan’s state oil company SOCAR exported 733,664 tons of oil via the Baku-Novorossiysk pipeline in January-July 2017 as compared to 559,070 tons in the same period of 2016, SOCAR said Aug. 1.

Oil was not supplied in the northern direction in July.

SOCAR exported 79,990 tons of oil from Novorossiysk a year earlier.

The company exported 159,830 tons of oil from the Russian port of Novorossiysk in June 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.