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State Oil Company of Azerbaijan (SOCAR) from March 1, 2016 has resumed the export of crude oil via the Baku-Novorossiysk (Black Sea, Russia).
According to the information from the company in March it is planned to export 80 thousand tons of crude oil via the pipeline.
The company noted that, due to the resumption of exports in March 2016 via the Baku-Novorossiysk pipeline 100 thousand tons less than planned volumes of crude oil will be transported: "The Treaty of transporting Azeri oil via the Baku-Novorossiysk pipeline was signed between the "Transneft "and SOCAR at the end of February 2016. Prior to the conclusion of the agreement this volume of oil exported via the Baku-Tbilisi-Ceyhan pipeline. Thus, oil export reduction was not observed in the annual program of SOCAR".
2016.03.04 / 11:20