State Oil Company of Azerbaijan (SOCAR) is terminating the oil transportation to the Novorossisk Port and it decreased the number of the tankers passing through Turkish straits, Trend Special Correspondent in Turkey reports. According to the local commentators, SOCAR decision on terminating the oil transportation via Baku-Novorossisk pipeline essentially decreased the ecological pressure on the Turkish straits by decreasing the number of the tankers moving from Black Sea to Mediterranean Sea.
In 2006, SOCAR exported a total of 3,46 mln tons of own oil, with 1,17 mln via Novorossisk Port. The cost of transporting 1 tons of oil via Baku-Novorossisk pipeline amounts to $15,67. SOCAR can not export its own oil via Baku-Novorossisk pipeline due to the transition to the mazut regime and refinery of more volume of oil in Baku Oil Refinery to produce black oil products. The mazut in Azerbaijan is needed for producing electric power due to the absence of the gas import from Russia.