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Azerbaijan exported more than 2.7 mln tones of oil in January-July through Baku-Novorossisk

Oil&Gas Materials 2 August 2006 15:39 (UTC +04:00)

Within semi-months, Azerbaijan exported 2 mln 728.317 thousand notes of Urals oil through Baku-Novorossisk pipeline, against 990.5 th. t. in the same period of 2005, Trend reports quoting the State Oil Company of Azerbaijan (SOCAR). Out of the gross volume, 421.478 th. t. were reported at the share of SOCAR and 2 mln 306.839 th. t. Azerbaijan International Operation Company (AIOC).

It was stated in SOCAR that in July 2006, 373.550 th. t. of oil were transported through Baku- Novorossisk, 74.728 out of which realized at the expense of SOCAR and 298 th. 822 t. AIOC.

The tariff for the transportation of 1 t. oil through Baku- Novorossisk pipeline is $15.67.

According to the information provided by SOCAR, the average price for Brent oil in July was $73.66 per barrel and the price for Urals oil - $69.21 per barrel.

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