SOCAR Says Azerbaijan Keeps on Carrying Oil via Northern Route

SOCAR Says Azerbaijan Keeps on Carrying Oil via Northern Route

Azerbaijan, Baku/ Trend , corr. V. Sharifov/ Commenting the piece of information dissiminated by some media sources concerning Azerbaijan's repudiating its oil export via the Northern Route, a source in the Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR), has stated today that Azerbaijan keeps on carrying oil via the Baku-Novorossiysk Pipeline.

According to the representative of the mentioned SOCAR Department, 62.000 tons of oil were piped via the pipeline in April, 2007. In May, SOCAR is expected to carry the analogious volume of oil via the northern pipe.

"The application for piping oil via the Baku-Novorossiysk Pipeline in the second quarter of 2007 makes up 186.000 tons," said the SOCAR representative.Notably, starting from April 1, 2007, Azerbaijan has held up carrying its light crude produced from the block of fields of Azeri-Chiragh-Gunashli (ACG) via the Baku-Novorossiysk. The ACG Project is developed by AIOC (Azerbaijan International Operating Company).

The parties to AIOC, who are simultaneously the participants of the pipeline BTC Company, have redirected oil volumes from the Northern Route to the main Export Route of Baku-Tbilisi-Ceyhan (BTC). The two parties to AIOC - U. S. Companies -ExxonMobil and Devon Energy are not parties to BTC Co, and carry its oil to the Georgian Black Sea Port of Batumi by railway.

Since April 1, 2007, only SOCAR has kept on piping its oil via the Northern Route of Baku-Novorossiysk.

SOCAR is expected to ship 62.000 tons of oil for the Swiss Trader of Sanoil in May, 2007.

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