SOCAR increased oil shipment by 37% from Novorossiysk in Jan-August
Edited by Rhod Mackenzie / 2015-09-01 01:09:31
Azerbaijan Oil and Gas Russia Azerbaijan Oil and Gas Baku-Makhachkala-Novorossiysk Russia Oil and Gas Oil Pipelines SOCAR Transneft
In Jan-August 2015 from the port of Novorossiysk SOCAR shipped 930.671 thousand tons of oil exported by the Baku-Novorossiysk oil pipeline, this is by 37.3% more than in Jan-August 2014.
In August 2015 SOCAR shipped 84.913 thousand tons of oil from the port of Novorossiysk.
In August Brent oil was sold on average at $46.65/barrels in the world markets, Urals - $46.1/barrel, BTC FOB Ceyhan – $48.17/barrel.
SOCAR and Transneft extended until the end of 2015 the agreement on the pumping of the Azeri oil by the Baku-Novorossiysk pipeline.
In 2014 SOCAR shipped 932.155 thousand tons of oil from the port of Novorossiysk.
