Azerbaijan may increase volume of oil pumping via Baku-Novorossiysk pipeline
Baku, Azerbaijan, Feb. 25
By Sara Israfilbayova – Trend:
In March 2019, Azerbaijan’s state oil company SOCAR intends to increase oil pumping through the Baku-Novorossiysk pipeline up to 160,000 tons, a source in Azerbaijan’s oil and gas market told Trend Feb. 25.
In February, SOCAR pumped 85,000 tons of oil via the pipeline, according to the source.
SOCAR pumped 1.3 million tons of oil via the Baku-Novorossiysk pipeline in 2018 compared to 1.5 million tons in 2017.
It was earlier reported that Azerbaijan plans to export 1.5 million tons of oil via the Baku-Novorossiysk pipeline in 2019.
The Baku-Novorossiysk oil pipeline transports oil extracted by SOCAR independently, as well as from onshore fields developed within joint ventures. SOCAR has been the operator of the Baku-Novorossiysk pipeline since 2008.
The Baku-Novorossiysk pipeline is 1,147 kilometers long. The length of its Azerbaijani section is 231 kilometers and Russian section - 916 kilometers. The highest capacity of the pipeline stands at 105,000 barrels a day.