AIOC makes order to Transneft on oil pumping via northern route in 1Q of 2006
The Azerbaijan International Operating Company (AIOC) has made an order to the Russian Transneft Company on the transportation of 1.2 million tons of oil through the Baku-Novorossiysk pipeline in the first quarter of 2005, a source at the international oil market told Trend.
вЂњThe AIOC is supposed to pump 400,000 tons of Urals oil a month via the вЂ�northern routeвЂ™. The oil volume also includes oil belonging to the State Oil Company of Azerbaijan (SOCAR),вЂќ the same source said.
In general, in 2006 the SOCAR intends to export 2.5 million tons of oil, extracted from
its fields. Along with the Baku-Novorossiysk pipeline the oil volumes will also be pumped b\via the Baku-Tbilis-Ceyhan main export oil pipeline.
In January to October 2005 the SOCAR shipped 2,337 million tons of Urals oil Novorossiysk, against 1.12 million in 2004. In October 78,640 tons of Ural oil was shipped from Novorossiysk, or 0,237 tons down as compared to June 2005 and 2649,200 tons in 2004.
In 2004 the SOCAR sold 2559,100 tons of oil from Novorossiyk, which is 77,100 tons more than 2003. Oil pumping tariffs via the Baku-Novorossiysk pipeline is $15.67 per ton.