SOCAR reveals volume of oil supply via Baku-Novorossiysk

Oil&Gas Materials 2 December 2021 12:28 (UTC +04:00)
SOCAR reveals volume of oil supply via Baku-Novorossiysk

BAKU, Azerbaijan, Dec.2

By Leman Zeynalova – Trend:

The volume of oil transportation via the Baku-Novorossiysk pipeline from January through November 2021 stood at 1.009 million tons, Ibrahim Ahmadov, deputy head of the public relations and events department at Azerbaijan’s state oil company SOCAR, told Trend.

Baku-Novorossiysk transports Caspian oil to Russia’s Black Sea port of Novorossiysk. The total length of the oil pipeline is 1,330 kilometers with 231 kilometers running through Azerbaijan. SOCAR is the operator of Azerbaijani part of the pipeline.

The oil transported via this pipeline is sold in Novorossiysk under the brand name of Urals.

Russia’s Transneft and SOCAR earlier signed an agreement to supply over 1 million tons of oil via Baku-Novorossiysk in 2021.

SOCAR reduced oil transportation via this route to 613,000 tons, a 30 percent decrease year-on-year.

Azerbaijan has been transporting oil via Baku-Novorossiysk since 1997. Filling the pipeline with oil started in October of 1996. Maximum throughput capacity of the pipeline is 105,000 barrels a day.


Follow the author on Twitter: @Lyaman_Zeyn